Beijing strives to notch its year-on-year GDP growth to around 6 percent this year, local authorities said on Saturday.
The city also aims to maintain its consumer price index (CPI) increase within 3 percent compared to the prior year. The goals were released in the government work report delivered by the capital city’s mayor Chen Jining at the ongoing fourth session of the 15th Beijing Municipal People’s Congress.
As the city’s per capita GDP grew from 18,000 U.S. dollars in 2015 to about 24,000 U.S. dollars in 2020, Beijing has become equivalent to a developed economy at an intermediate level. It plans to increase the figure to about 210,000 yuan (about 32,500 U.S. dollars) by the end of the 14th Five-Year Plan period (2021-2025), according to the report.— Xinhua