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Annual Economic Report

Preliminary statistics shows that in 2017 the regional GDP of Xicheng District has topped 391.69 billion yuan with a year-on-year increase of 6.5%. The added value of the secondary industry has reached 33.8 billion yuan while the tertiary industry 357.89 billion yuan. By the end of 2017, the number of all kinds of units in Xicheng District has reached 58942, among which legal entities has reached 46235 and industrial establishments 12707. Besides, there are 20039 individual industrial and commercial households. Total investment in fixed assets has amounted to 29.68 billion yuan, up 17.4 percent year on year.

According to the preliminary statistics from the financial sector, budget revenue of public finance of 2017 has reached 42.21 billion yuan with a year-on-year increase of 2.0%. Five main types of tax including the Added Value Tax, Business Tax, Property Tax, the Tax on City Maintenance and Construction, and Stamp Tax have altogether reached 38.33 billion yuan, up 28.9 percent year on year, which accounts for 90.8% of the budget revenue of public finance of 2017. To be more detailed, the Business Tax reached 15.81 billion yuan, the Added Value Tax 13.26 billion yuan, the Property Tax 2.74 billion yuan, the Tax on City Maintenance and Construction 3.0 billion yuan, and Stamp Tax 2.18 billion yuan. Budget expenditure of public finance of 2017 has reached 43.08 billion yuan with a year-on-year increase of 1.1 percent. To be more detailed, expenditure of urban and rural community affairs has reached 17.75 billion yuan, social security and employment service 6.22 billion yuan, the education expenditure 5.9 billion yuan, and medical service, public health and family planning 3.17 billion yuan.

In the end of 2017, the urban registered unemployment rate of Xicheng District was 0.88% with an increase of 0.04 percentage point compared to the previous year. The reemployment rate of registered unemployed workers was 64.73% with a decrease of 0.07 percentage point compared to the previous year. The employment rate of people with difficulties in finding jobs was 67.83% with a decrease of 0.33 percentage point compared to the previous year.

Total retail sales of consumer goods have reached 101.39 billion yuan, seeing a 4.7 percent rise year on year. Commercial enterprises above designated size in Xicheng District have accomplished retail sales of 77.08 billion yuan, accounting for 76% of the total retail sales. Grouped by sectors, retail sales in retail trade have topped 84.31 billion yuan, wholesale trade 6.94 billion yuan, catering trade 8.31 billion yuan, and accommodation trade 1.83 billion yuan.



Sponsored by Xicheng District People’s Government of Beijing Municipality

Undertaken by Press Center of Xicheng District

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