Beijing's GDP up 5% to $609b

Beijing's 2023 gross domestic product reached 4.38 trillion yuan ($609 billion), up more than 5 percent, the city government said on Friday.

The national capital's services sector remained stable with its added value growing more than 6 percent, making it the primary driver of the city's economic recovery, said Zhu Yannan, deputy head of the city's statistics bureau.

The combined contribution of key segments of the services sector, including information transmission, software, information technology services and financial services, to economic growth exceeded 70 percent, the bureau said.