Upgrading Demand Structure
Investment in key industries and infrastructure is increasing rapidly. In 2016, investment in Beijing's leasing and business service, high-tech manufacturing, and culture, sports and entertainment industries rose by 99.9 percent, 61.3 percent and 55.2 percent. Investment in Tianjin's high-tech manufacturing and service industries was increased by 34.8 percent and 39.8 percent. Investment in Hebei's manufacturing, information service, financial, and scientific and technological service industries rose by 6.9 percent, 62.5 percent, 94.4 percent and 62.5 percent, 94.4 percent and 89.5 percent. Investment in infrastructure of Beijing and Hebei was increased by 10.3 percent and 15.7 percent, or 4.4 percentage points and 7.3 percentage points higher than the overall investment growth rate.
The consumption structure of the three areas continues upgrading. In 2016, Beijing's service consumption accounted for over 50 percent of its total consumption. Its information, culture, sports, entertainment and green consumption grew rapidly.