The district"s industrial structure is being optimized, relying on the distinct characteristics of a key central district of the Chinese capital. Xicheng District has a booming tertiary industry and its high-tech sector is among the best. The valueadded of the tertiary industry topped 297.4 billion yuan, 91 percent of the district"s GDP. Some sectors of the tertiary industry, including finance and insurance, real estate, commerce and services, scientific and technological information consultancy and cultural tourism have become pillars of Xicheng District"s economic growth, giving the district an edge over its counterparts in Beijing and elsewhere in China. Meanwhile, modern services, high-tech and cultural innovation industries are expanding rapidly.
In 2015, Xicheng District’s gross output value of industry above designated size has achieved 106.79 billion yuan, up 10.7 percent year on year. And the gross sales value of industry above designated size has risen to 107.19 billion yuan, seeing a year-on-year increase of 11 percent.
Total sales of wholesale trade have reached 593.86 billion yuan, with a year-on-year decrease of 5.5 percent. Total sales of retial sale trade have amounted to 84.45 billion yuan, up 2.2 percent year on year. Accomodation enterprises’ revenues have totaled 6.03 billion yuan, which grew 4.3 percent year on year. And enterprises in catering trade have achieved total revenues of 8.2 billion yuan, seeing a 1.5 percent rise from the same period last year.
In 2015, local financial institutions have achieved various RMB deposits of 3852.8 billion yuan, up 41.6 percent year on year. And they have achieved various RMB loans of 2156.45 billion yuan, presenting a 20.6 percent rise year on year. Preliminary statistics shows that added value of the finance industry has reached 152.02 billion yuan, an increase of 12.1 percent over the previous year.
Preliminary statistics shows that added value of the tenancy and commercial services industry has reached 26.82 billion yuan, a decrease of 1.6 percent over the previous year.
In 2015, Xicheng District has achieved tourism revenues of 44.46 billion yuan, an increase of 7.8 percent year on year. Travel business revenue has reached 22.65 billion yuan, accounting for 51% of the total revenues. Business revenue in stay place sector has amounted to 6.69 billion yuan, accounting for 15% of the total. Business revenue in travel dining sector has totaled 4.74 billion yuan, accounting for 10.7% of the total. And the number of tourists recepeted has reached 65.79 million, up 0.5 percent over the previous year.