Beijing Economy

Beijing Economy to a large degree boosts the popularity of Beijing travel.Since the founding of the People’s Republic of China in 1949, Beijing has become a great industrial area. And as China goes on with its reform and opening up policy, Beijing travel has become more and more popular with international tourists. Its light industry and heavy industry developed rapidly, too. Nowadays, Beijing is becoming one of the most developed cities in China. Its tertiary industry, the travel industry included, saw continuous development, accounting for 73.2% of its GDP. Finance is one of the most important industries of Beijing. By the end of 2007, statistics showed that there were 751 financial organizations in Beijing that generated 128.6 billion RMB revenues, accounting for 13.8% of Beijing's GDP. Beijing's nominal GDP in 2008 was 1.0488 trillion RMB (150 billion USD), a year-on-year growth of 9% from the previous year.

 

The industry in Beijing has formed a diverse economic structure and a coexistence of large, medium and small-sized enterprises. Almost all major industrial areas are located on the western suburbs of the city. Beijing is increasingly becoming known for its innovative entrepreneurs and high-growth start-ups. This is supported by a large numbers of both Chinese and foreign venture capital firms. Beijing's real estate and automobile sectors have continued to boom in recent years. There are lots of specially designated industrial parks in Beijing including: Zhongguancun Science Park, Yongle Economic Development Zone, Beijing Economic-technological Development Area, and Tianzhu Airport Industrial Zone.

 

Beijing boasts of a well-developed commerce system based on diversified operation and multiple circulations. Well-known, new and special products from all over China and the world are available in Beijing. The newly central business district, Beijing CBD, centered at the Guomao area, is home to various corporate regional headquarters, shopping precincts, and high-end housing. The traditional financial centre, Beijing Financial Street, located in the Fuxingmen and Fuchengmen area. Major shopping districts are located in the Wangfujing and Xidan areas. Zhongguancun, dubbed "China's Silicon Valley", remains a major centre in electronics- and computer-related industries, as well as pharmaceuticals-related research. Meanwhile, Yizhuang, located to the southeast of the urban area, is a new centre in pharmaceuticals, IT, and materials engineering. All kinds of pirated goods and other things can be found in markets of urban Beijing often welcomed by expatriates and international visitors.

 

The agriculture in Beijing witnessed a comprehensive development. The rural economy made a well-coordinated headway in farming, forestry, stock raising, sideline production, fishery, rural industry, construction, transportation, and commerce and service trade. Agriculture is carried out outside the urban area of Beijing, with wheat and maize (corn) being the main crops. Vegetables are also grown in the regions closer to the urban area in order to supply the city.

 

Special Touring Regions:

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