Beijing
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Beijing, formerly known as Peking, is the capital of the People’s Republic of China, and the country’s political, cultural, international exchange as well as scientific and technological innovation center. Beijing is home to the headquarters of most of the state-owned enterprises and houses the largest number of Fortune Global 500 companies in the country. The tertiary industry or service sector accounted for more than 80 % of the city’s GDP, while the secondary industry or industrial and manufacturing sector accounted for most of the remaining 20 %.
Beijing has highly developed financial, service, R&D, cultural, and education industries. In 2019, the added value of new economy reached 1.276.58 billion RMB, up by 7,5 % over the previous year at current price, which accounted for 36,1 % of the GDP of Beijing, up by 0.2 percentage points over the previous year. The added value of high-tech industry reached 863 billion RMB, with a growth of 7,9 % over the previous year at current price, which accounted for 24,4 % of the GDP.
Completed investment in fixed assets in high-tech manufacturing industry in Beijing increased by 3,9 %, accounting for 54,0 % of the investment in manufacturing, up by 1,6 percentage points over the previous year. Service consumption contributed 72,7 % to the total consumption growth; of which, the consumption of household goods and services, healthcare, education, culture and entertainment grew rapidly.
Population: 21,536 million inhabitants (2019)
Area: 16,410 km²
- GDP (2020): 3,61 trillion RMB
- GDP per capita (2020): 167.640 RMB
- Inflation rate: 2,68 % (2020)
- Unemployment rate: 4 % (2019)
- Ranks the 6th most competitive financial centre worldwide (Global Financial Centres Index 2021)
- Ranks the first globally in terms of “Global City Competitiveness” in the 2020 - 2021 Global Urban Competitiveness Report released by the United Nations Program for Human Settlement
- Beijing is a major hub for national highway, expressway, railway and high-speed rail networks.
- The Beijing Capital International Airport has been the second busiest in the world by passenger traffic since 2010.
- The Beijing Daxing International Airport, a second international airport in Beijing, is the largest single structure airport terminal in the world.
- As of 2016, the subway network is the busiest and longest in the world. The total operating mileage of Beijing rail transit reached 727 kilometres in the end of 2020.
- Major industries include Science & Technology, Internet Information, Finance, Education, Cultural Tourism, Medical Pension, Professional Services, etc. No. of companies: As of 2019, over 45.000 foreign-invested enterprises from more than 165 countries/regions have been established in Beijing, accounting for about 5 % of the country. Over the past five years, Beijing's actual utilized foreign investment totalled 81,87 billion $, accounting for nearly 50 % of the total since the reform and opening-up. Foreign investment has maintained steady growth. In 2019, Beijing saw 1.636 foreign-invested enterprises, and utilized foreign capital 14,21 billion $, accounting for 10 % of the country’s total.
- Fiscal revenue (2019): The general public budgetary financial revenue amounted to 581,71 billion CNY, up by 0,5 % over the previous year, of which value-added tax amounted to CNY 182,09 billion, up by 1,6 %.
- Beijing is the host city of many world-class major events and large-scale international events. It is also one of the world’s top 10 financial centres and one of the top four cities (Alpha+ group level) according to GaWC.
- Brand new urban planning is accelerating the development of Beijing in an unprecedented way. Upholding the vision of innovative, coordinated, green, open and shared development, Beijing is creating infinite business opportunities.
- Beijing boasts abundant scientific and technological resources as well as top talent. It is home to more than 90 higher education institutions with approximately 860.000 students, more than 1.000 scientific research institutes, 120 national key laboratories, 68 national engineering technology research centres, and 25.000 national high-tech enterprises.
- Half of China’s top talent, best disciplines and laboratories are in Beijing.
- Its R&D spending sits at 6,17 % of the GDP, ranking first in China. Beijing is undoubtedly the most dynamic city worldwide when it comes to innovation and entrepreneurship, with around 200 new innovative enterprises established every day.
- The amount of venture capital and the number of cases in Beijing account for about 30 % of all venture capital and cases in China. It is second merely to Silicon Valley in respect to VC/PE investment in technological innovation across the globe.
- Many of Beijing’s 91 universities rank among the best in the Asia-Pacific and the world. Beijing is home to the two best C9 League universities (Tsinghua University and Peking University) in the Asia-Pacific.
- The Zhongguancun area in Beijing is a world leading centre of scientific and technological innovation.
- Beijing has 7 UNESCO World Heritage Sites (Forbidden City, Temple of Heaven, Summer Palace, Ming Tombs, Zhoukoudian, part of the Great Wall and Grand Canel) which attract over 144 million of tourists per annum.
- Total number of 5-star hotel rooms in Beijing is 42.903 in 2020. Average daily rate is RMB 805 and hotel occupancy rate is 76,1 %.
- In 2019, Beijing’s total tourism revenue was 62,46 billion RMB and the total number of visitors in Beijing was over 320 million which included 318,33 million domestic tourists and 3,769 million inbound tourists.