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Beijing GDP growth slower in first quarter

(Xinhua)
Updated: 2009-04-23 19:46

China's capital recorded 251.19 billion yuan ($36.78 billion) in gross domestic product (GDP) in the first quarter of this year, a growth rate of 6.1 percent in comparable prices over the same period last year, the city's bureau of statistics said Thursday.

Related readings:  Beijing's GDP expected to hit new high  Beijing set to hit growth target  Mayor: Economic growth tops Beijing agenda  10 major projects begin in Beijing

The growth rate was 5.2 percentage points below the year-earlier level as the international financial woes took their toll on the municipal economy, the bureau said.

The city invested 52.92 billion yuan in fixed assets in the first three months, down 6.5 percent. But the rate of decline was 10.8 percentage points lower than the January-February level.

The total included 18.56 billion yuan in infrastructure projects, up 23.1 percent, and 22.01 billion yuan in real estate development, down 30.2 percent.

Major industrial enterprises (each with an annual sales income of at least 5 million yuan) in Beijing generated 50 billion yuan in industrial output between January and March, down 3.4 percent from the same period of last year.