As one of the fastest-developing districts in Beijing, Xicheng reached 603.80 billion yuan in GRP in 2024, up by 5.4 percent over the previous year. Regional comprehensive economic strength has markedly increased. A modern industry system under which finance is the core and hi-tech industry, cultural creativity industry, commerce and tourism are the priorities has initially taken shape. The industrial congregativeness effect in functional areas became more prominent, playing an even greater role in driving regional economic development.