Beijing's Chaoyang aims for trillion-yuan GDP by 2026

Chaoyang district, one of Beijing's economic engines, is expected to see its GDP exceed 1 trillion yuan ($140.6 billion) by 2026, according to Zhao Haidong, deputy secretary and executive deputy district head of Chaoyang.

Zhao made the remarks on Thursday at the Linjia No 7 Salon, an investment-promotion event branded after the Chinese Public Diplomacy Association's address.

He said Chaoyang is home to more than 1,800 licensed financial institutions, nearly 400 of which are foreign-invested entities, around 65 percent of Beijing's total. The district has become a center of international resources: 90 percent of foreign media outlets with Beijing offices, 80 percent of international organisations and chambers of commerce, and 70 percent of multinational regional headquarters in the capital are based there. During the 14th Five-Year Plan period (2021–25), the district registered 2,481 newly established foreign enterprises, the highest number citywide.

It also stages more than half of Beijing's international conferences and over one-third of its international exhibitions each year.

Looking ahead to the 15th Five-Year Plan period (2026–30), Zhao said the district aims to further develop a modern industrial system and offer a high-quality business environment for global companies.

Chaoyang's GDP grew 5.3 percent in the first three quarters of this year.