Beijing's GDP Growth to Slow Down to 6% at Lowest This Year, Mayor Says
Zhang Yushuo
DATE:  Jan 15 2019
/ SOURCE:  yicai
Beijing's GDP Growth to Slow Down to 6% at Lowest This Year, Mayor Says Beijing's GDP Growth to Slow Down to 6% at Lowest This Year, Mayor Says

(Yicai Global) Jan. 14 -- The city of  Beijing's gross domestic product growth is excepted to stay between 6  percent and 6.5 percent this year, while principally sticking to the  bottom line of the country's GDP growth, according to the capital city's  mayor.

The GDP growth in Beijing was around 6.6  percent last year, and this year's expectations are lower, state-backed  newspaper Beijing Daily reported, citing Beijing Mayor Chen Jining's  report on the government's work. 

The general public budget revenue is  anticipated to rise 4 percent, and the surveyed urban unemployment rate  to remain lower than 5 percent. 

This year, Beijing will upgrade its  sectors related to artificial intelligence, healthcare, property,  fifth-generation mobile network, and industrial internet. The city will  oversee major new projects such as a production base for Mercedes-Benz  new energy vehicles in Shunyi district, as well as others related to  ultra-high definition displays, semiconductors, and drones. The local  government will also promote the development of Xiong'an New Area in  Hebei province.

The nation is celebrating its 70th  anniversary of the founding of the People's Republic of China this year  and this will be a top priority for Beijing too, the report added. 

Last year, Beijing's general public  budget revenue climbed 6.5 percent. The consumer price index, which  measures inflation, went up 2.5 percent and the surveyed urban  unemployment rate was around 4.5 percent. The city's per capita  disposable income increased by about 6.3 percent, Chen said in the  report.

Editor: Emmi Laine

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Keywords:   Beijing,GDP, Growth Expectation,China Jobs Data,cpi