Travel Reference
In-Depth Information
in Dongcheng district; Xidan and Financial Street (Jinbao Jie) in Xicheng district; Tianzhu
Airport Industrial Zone in Shunyi district; Yongle Economic Development Area in Tong-
zhou district; and Zhongguancun Science Park in Haidian district. There are dozens more
and most have highly concentrated mixtures of business, residential, and lifestyle facilities.
BEIJING'S INDUSTRY
While China's two dominant sectors are industry and agriculture, Beijing's major revenue
spinner is the tertiary industry. In fact, in 2011, the service industry accounted for about 75
percent of GDP, with a contribution of RMB1.2 trillion to the total figure. Finance, inform-
ation technology, and scientific research, such as the pharmaceutical industry, were the key
contributors to that percentage.
The banking sector is almighty in Beijing, and typically generates more than RMB126
billion a year. In 2012 that added up to around 15 percent of Beijing's total GDP. While the
Chinese can surprise you with their ability to pay massive amounts upfront in cash, lending
is a significant part of the banks' business. In 2012 Beijing banks had accumulated RMB4.2
trillion in outstanding loans, RMB3.55 trillion of which was in local currency (a 12.4 per-
cent increase on RMB loans from 2011), along with RMB650 billion in foreign currencies.
It seems that some of that might be from the real estate industry, which is another phe-
nomenally successful sector in the municipality, and which after a cooling in 2011 was back
on fire in 2012. The Beijing Municipal Bureau of Statistics reported that the total commer-
cial housing sales in Beijing in August 2012 were 31.2 percent higher than they were the
previous year, despite new policies being imposed in 2011 that set limits on the number of
residential properties people could buy.
AVERAGE MONTHLY SALARIES IN BEIJING
Accountant: RMB10,000-15,000+
Brand marketing manager: RMB20,000-28,000
CEO of an advertising agency: RMB70,000-100,000
English teacher*: RMB5,000-16,000
Executive secretary/personal assistant: RMB13,000-21,000
Finance director: RMB65,000+
HR manager: RMB20,000-35,000+
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