Beijing's Economy Accelerates

(MENAFN- Qatar News Agency) Beijing's economy expanded 7.9 % in the first quarter, with its GDP totaling 410 billion Yuan (66.4 billion U.S. dollars). According to Chinese news agency (Xihnua), about 9.45 million people were employed in Beijing by the end of March, with most working in the service industry. The IT sector added 64,000 employees, while the financial industry hired 50,000 people during the first three months, it added. Company profits have been recovering, as Beijing's industrial added value increased 9.1 % year on year in the first quarter.