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Sunday, February 28, 2010

BEIJING, CHINA: Beijing per capita GDP tops $10,000 in 2009

Average living standards in Beijing improved in 2009, with per capita gross domestic product topping 10,000 dollars

(AFP) – Jan 21, 2010

BEIJING — Average living standards in Beijing improved in 2009, with per capita gross domestic product topping 10,000 dollars for the first time, official data showed Friday.

The capital's economy grew 10.1 percent on-year to 1.19 trillion yuan (174.3 billion dollars) -- exceeding the national GDP growth rate of 8.7 percent -- according to figures published on the Beijing Bureau of Statistics website.

This means per capita GDP for the city's 17.55 million residents reached 68,788 yuan, or 10,077 dollars, the bureau said.

"The breakthrough is a milestone for Beijing," bureau deputy director Yu Xiuqin was quoted by state media as saying.

China's economy expanded by 8.7 percent in 2009 after the government went on a four-trillion-yuan spending spree and bank lending nearly doubled from 2008, according to official data released Thursday.

Average annual disposable income for Beijing's city dwellers rose 8.1 percent to 3,915 dollars, while for rural residents around the capital, the figure reached 1,755 dollars, up 11.5 percent on the previous year.

Average living standards in Beijing still lag behind those in southern Guangzhou and Shanghai, where per capita GDP reached 11,900 and 10,529 dollars respectively in 2008, according to latest official figures.

View AFP Article

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