Beijing’s Chaoyang aims for trillion-yuan GDP by 2026

Chaoyang District, a pivotal economic hub in Beijing, is on track to achieve a GDP exceeding 1 trillion yuan ($140.6 billion) by 2026, as announced by Zhao Haidong, Deputy Secretary and Executive Deputy District Head of Chaoyang. This ambitious target was revealed during the Linjia No 7 Salon, an investment-promotion event hosted by the Chinese Public Diplomacy Association. Zhao highlighted Chaoyang’s robust economic foundation, noting that the district is home to over 1,800 licensed financial institutions, including nearly 400 foreign-invested entities, accounting for approximately 65% of Beijing’s total. Additionally, Chaoyang serves as a central hub for international resources, hosting 90% of foreign media outlets with Beijing offices, 80% of international organizations and chambers of commerce, and 70% of multinational regional headquarters in the capital. During the 14th Five-Year Plan period (2021–25), the district saw the establishment of 2,481 new foreign enterprises, the highest number citywide. Chaoyang also hosts more than half of Beijing’s international conferences and over one-third of its international exhibitions annually. Looking ahead to the 15th Five-Year Plan period (2026–30), Zhao emphasized the district’s commitment to developing a modern industrial system and providing a high-quality business environment for global companies. Chaoyang’s GDP grew by 5.3% in the first three quarters of this year, underscoring its dynamic economic momentum.