Beijing economy expected to grow
By Li Jiabao | China Daily | Updated: 2013-01-21 07:57
An improving economic environment both at home and abroad will keep Beijing's gross regional product (similar to GDP) "moderately" increasing in 2013 after registering a 13-year low the previous year.
Meanwhile, the municipal government will make more of an effort to rebalance the economy and improve its growth model while continuing curbs on real estate and limiting the increase of the Consumer Price Index, a main gauge of inflation, to around 4 percent.
The capital's GRP registered 1.78 trillion yuan ($286 billion) in 2012, about 3.43 percent of China's GDP, with an increase of 7.7 percent compared from a year earlier, the slowest expansion in 13 years, the Beijing Municipal Bureau of Statistics said.
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