The Beijing-Tianjin-Hebei region posted a combined GDP of 7.9 trillion yuan ($1.1 trillion) in the first nine months of 2024, according to the Beijing Municipal Bureau of Statistics.

Beijing led with 3.35 trillion yuan, growing 5.1% from a year earlier, while Tianjin reached 1.27 trillion yuan, up 4.7%, and Hebei achieved 3.29 trillion yuan, rising 5%.

High-tech manufacturing showed strong performance across the region. Beijing and Tianjin saw their large-scale high-tech manufacturing value increase by 8.3% and 6.7%, respectively, driven by double-digit growth in electronic computers and industrial robots. Hebei's strategic emerging industries grew 9.5%, with production of high-speed trains and new energy vehicles nearly doubling.

The service sector contributed significantly to regional growth. The Beijing-Tianjin-Hebei region's service sector added value reached 5.48 trillion yuan in the first three quarters. Information transmission, software and information technology services grew by 11.9%, 9.7% and 9.3% in the three municipalities, respectively, outpacing the sector's average growth rate.

Investment and consumption grew steadily, supporting economic growth. Fixed asset investment in Beijing, Tianjin and Hebei increased by 7.8%, 4.2% and 6.6%, respectively. Consumer retail sales reached 2.4 trillion yuan, up 1.1% year on year.

During this period, the three areas have also expanded cooperation in infrastructure, tourism and education to boost regional development.

Related

Go to Forum >>0 Comment(s)