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Economy of Beijing



Beijing is amongst the most developed cities in China, with tertiary industry accounting for 73.2% of its gross domestic product (GDP); it was the first post industrial city in mainland China. Beijing is home to 41 Fortune Global 500 companies, the second most in the world behind Tokyo, and over 100 of the largest companies in China.
Finance is one of the most important industries. By the end of 2007, there were 751 financial organizations in Beijing generating revenue of 128.6 billion RMB, 11.6% of the total financial industry revenue of the entire country. That also accounts for 13.8% of Beijing's GDP, the highest percentage of any Chinese city.
In 2010, Beijing's nominal GDP reached 1.37 trillion RMB. Its per capita GDP was 78,194 RMB. In 2009, Beijing's nominal GDP was 1.19 trillion RMB (US$174 billion), a growth of 10.1% over the previous year. Its GDP per capita was 68,788 RMB (US$10,070), an increase of 6.2% over 2008. In 2009, Beijing's primary, secondary, and tertiary industries were worth 11.83 billion RMB, 274.31 billion RMB, and 900.45 billion RMB respectively. Urban disposable income per capita was 26,738 yuan, a real increase of 8.1% from the previous year. Per capita pure income of rural residents was 11,986 RMB, a real increase of 11.5%. The Engel's coefficient of Beijing's urban residents reached 31.8% in 2005, while that of the rural residents was 32.8%, declining 4.5 and 3.9 percentage points respectively compared to 2000.
Beijing's real estate and automobile sectors have continued to boom in recent years. In 2005, a total of 28,032,000 square metres (301,730,000 sq ft) of housing real estate was sold, for a total of 175.88 billion RMB. The total number of cars registered in Beijing in 2004 was 2,146,000, of which 1,540,000 were privately owned (a yearly increase of 18.7%).
The Beijing central business district (CBD), centred on the Guomao area, has been identified as the city's new central business
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