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Friday, January 22, 2010

Beijing per capita GDP tops US$10,000 in 2009

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

The capital's economy grew 10.1 per cent on-year to 1.19 trillion yuan (US$174.3 billion) - exceeding the national GDP growth rate of 8.7 per cent - 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 US$10,077, 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 per cent 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 per cent to US$3,915, while for rural residents around the capital, the figure reached US$1,755, up 11.5 per cent on the previous year.

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

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