Haidian’s GDP grows 2.6%, top contributor to Beijing’s economy | Infosurhoy

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The GDP of Beijing’s Haidian district registered 397.05 billion yuan (US$56.74 billion) in the first half of this year, up by 2.6% year on year and contributing to 24.5% of the city’s total GDP, according to data released at a press conference on Monday.

Information service, research and development, and the financial sector accounted for around 60% of Haidian’s economic output, which helped to stabilize growth amid the COVID-19 outbreak.

Statistics show that the revenue of information service totaled 334 billion yuan from January to May, up by 15.8% year on year. The revenue of cultural enterprises above the designated size grew by 17.4% in the same period.

During the epidemic, 10 companies in Haidian were listed on the stock market, among which three were on the Science and Technology Innovation Board (STAR Market). 

Zhongguancun Science City (ZSC) in the district is a powerhouse of cutting-edge industries that include artificial intelligence (AI), block chain, big data, and financial technologies. According to information released at the press conference, the income of enterprises above the designated size in ZSC’s Haidian park totaled 895.93 billion yuan from January to May, up by 5.9% year on year, and 3.4 percentage points higher than ZSC’s growth. Businesses in the park has applied for a total of 14,000 patents, up by 22% year on year. And research spending in the park also grew 12.8% in the first five months, 0.5 percentage point higher than that from January to February.

Local authorities said the district will also boost smart healthcare, further open up the service sector, and improve government services.

“In the second half of the year, we will continue to boost high quality economic growth while tightening epidemic prevention and control,” said Wang Yuxia, vice director of the Haidian Commission of Development and Reform, the district’s economic planner.

This content was originally published here.