Beijing's H1 2026 GDP Reaches 2.64 Trillion RMB, Up 5.4%, with Strategic Emerging and High-Tech Manufacturing

In the first half of 2026, Beijing recorded a gross domestic product of 2,641.19 billion RMB, up 5.4% year-on-year at constant prices. The growth rate eased from 5.9% in the first quarter. New quality productive forces grew notably, with value-added output of strategic emerging industries above designated size rising 12.8% year-on-year and that of high-tech manufacturing increasing 15.7%. General public budget revenue grew 6% year-on-year, with the tax revenue share at 89.3%, maintaining the country's best level.

By sector, the total output value of agriculture, forestry, animal husbandry, and fisheries reached 10.21 billion RMB in the first half, up 3.8% year-on-year; value-added industrial output above designated size increased 3.4%; and the tertiary sector grew 6.1%. Strategic emerging industries and high-tech manufacturing were the main drivers of industrial growth. Production of service robots surged 2.3 times, industrial robots rose 75.5%, new energy vehicles grew 18.5%, and integrated circuits increased 17.8%.

On the demand side, fixed-asset investment in Beijing rose 3% year-on-year in the first half, with equipment purchase investment up 14.3%. Total retail sales of consumer goods declined 2.2% year-on-year, while service consumption grew 4.5%, indicating an improving consumption structure. Private investment in key sectors such as manufacturing and information software services increased approximately 1.5 times year-on-year.

The Beijing Municipal Development and Reform Commission stated that the fundamentals of the economy remained stable and positive in the first half, with all work achieving the goal of half the time and half the tasks completed. In the second half of the year, Beijing will boost consumption vitality through measures including optimizing trade-in policies, cultivating new growth points for service consumption, and linking consumption scenarios via brand events and cultural activities. In terms of investment, the city will focus on areas such as quality housing construction and urban renewal, and will introduce a new batch of major projects for private capital. For the industrial sector, Beijing will deepen Beijing-Tianjin-Hebei collaboration with six industrial chains and seven clusters as the framework, promote the market launch of Beijing Smart Manufacturing products, and accelerate the upgrade and expansion of modern services through platforms such as the Beijing Stock Exchange and the China International Fair for Trade in Services.