Beijing's GDP up 7.7% in first 9 months

Beijing's GDP up 7.7% in first 9 months


Beijing's gross domestic product (GDP) in the first three quarters of 2013 totaled 1.38 trillion yuan ($224.2 billion), up 7.7 percent year-on-year, the local government said on Friday.

According to statistics co-released by Beijing Statistics Bureau and the National Bureau of Statistics Beijing survey office, in the first nine months of 2013, the city's industrial added value was up 8.3 percent year-on-year. The capital's added value of the tertiary industry was up 7.5 percent year-on-year.

Total value of the city's imports in the first three quarters rose 6.6 percent year-on-year.

As Beijing's economy grew at a steady pace, the city's innovation ability also improved, said Yu Xiuqin, government spokesman for Beijing Statistics Bureau.

The number of patent applications in the city during the nine-month period grew 36.2 percent year-on-year, up 19.8 percentage points than the same period in 2012, while the number of patents licensed increased 29.3 percent year-on-year.

(Source: Xinhua)

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.