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Beijing Sets 2025 Growth Targets, Emphasizes Services and Manufacturing Expansion
City leaders cite service sector expansion and manufacturing gains as foundations for the coming year's plans.
How we reported this
Officials have stated that Beijing's gross regional product reached 5.2 trillion yuan in 2025, up 5.4 percent from the prior year and placing the city second only to Shanghai among those surpassing the 5-trillion-yuan mark.
The figures arrive as municipal authorities finalize their 2026 budget framework, with the report setting an approximate 5 percent GRP growth target while keeping the surveyed urban unemployment rate within 5 percent. This timing matters because the 2025 results establish the baseline for the 2026-2030 period, during which planners aim for annual growth between 4.5 and 5 percent.
Service and High-Tech Sectors Cited as Core Drivers
Officials noted that the tertiary industry made up 86.0 percent of total GRP, with the information technology and software sectors contributing 1.2 trillion yuan after 11 percent growth and the finance sector adding 866.8 billion yuan after 8.7 percent growth. They pointed to these shares when describing how the city maintained its position with the highest per capita GRP among all provincial-level jurisdictions.
Key manufacturing figures were also highlighted in the same document. Computer and electronic equipment manufacturing rose 20.2 percent, the automotive industry expanded 17.7 percent, and new energy vehicle output increased 1.4 times year-on-year. General public budget revenue reached 668.06 billion yuan, up 4.8 percent, while per capita disposable income stood at 89,090 yuan after a 4.4 percent real-term rise.
Next Steps for 2026 Implementation
The report indicates that authorities will monitor the unemployment rate and GRP expansion against the stated targets throughout the year. Residents and businesses can track quarterly updates through the same government channels that released the 2025 data.