Beijing's per capita GDP expected to top 8,000 US dlrs this year
21/1/2008 16:48
The capital city's per capita gross domestic product (GDP) is expected to
exceed US$8,000 this year, said vice and acting mayor Guo Jinlong in Beijing
yesterday.
Guo made the remarks while delivering a government work report at
the opening of the first annual session of the municipal People's Congress, the
legislature of Beijing.
The per capita GDP in Beijing is already above
US$7,000 and the city is aiming for a 10,000-US-dollar GDP in 2012, with annual
growth of 9 percent over the next five years, according to Guo
Beijing's
economy grew 12 percent annually over the past five years, increasing its GDP
from 433 billion yuan (about US$60 billion) in 2002 to 900 billion yuan in 2007,
the official added.
"Beijing won't find it difficult to meet the 8,000-dollar
target this year, considering its economic growth rate," said Mei Song, deputy
president of the Beijing Academy of Social Sciences.
China aims to quadruple
the per capita GDP of the year 2000 by 2020, when the figure is expected to
reach US$3,500. China's per capita GDP rose from 7,858 yuan in 2000 to 16,084
yuan in 2006.
Per capita GDP in the southern metropolis of Guangzhou, the
capital of Guangdong Province, exceeded US$10,000 in 2006, making it the first
developed Chinese city by World Bank standards.
The World Bank defines
moderately developed countries with per capita GDP in the range of
3,000-US$10,000. The per capita GDP of the United States was US$44,000 in
2006.
Xinhua
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