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Beijing GDP exceeds $3 trillion in 2018

Beijing reported gross domestic product of over 3 trillion yuan ($446.6 billion) in 2018, the authorities said on Wednesday. According to the municipal statistics bureau, Beijing attained GDP of 3.03 trillion yuan last year, up 6.6 percent. "Beijing spent a lot of effort on moving the noncapital functions out of the city and attained a stable economic growth with its quality improving last year," said Pang Jiangqian, deputy director of the bureau. The city's new economy grew 9.3 percent to over 1 trillion yuan, accounting for 33.2 percent of the GDP.

Robust demand for FAW's Hongqi sedans