As one of the districts with rapid economic development in Beijing, the GDP of Xicheng District reached 424.39 billion yuan in 2018. Regional comprehensive economic strength has markedly increased. A modern industry system under which finance is the core and hi-tech industry, cultural creativity industry, commerce and tourism are the priorities has initially taken shape. The industrial congregativeness effect in functional areas became more prominent, playing an even greater role in driving regional economic development.

The district’s industrial structure is being optimized, relying on the distinct characteristics of a key central district of the Chinese capital. Xicheng District has a booming tertiary industry, the added value of which reached 387.1 billion yuan, 91.2 percent of the district’s GDP...

Preliminary statistics shows that in 2018 the regional GDP of Xicheng District has topped 424.39 billion yuan with a year-on-year increase of 6.5%. The added value of the secondary industry has reached 37.29 billion yuan while the tertiary industry 387.1 billion yuan. By the end of 2018, the number of all kinds of units in Xicheng District has reached 57065, among which legal entities has reached 45851 and industrial establishments 11214. Besides, there are 16066 individual industrial and commercial households...

Xicheng District adheres to the principle of expanding opening up to the outside world, and maintains a sustainable and stable growth momentum in attracting contractual foreign investments and actually utilization of foreign investment...