Processes of Urban Economic Development in China-A Case Study of Beijing

Beijing is the capital of China and the very large economic center of the country. This has a significant impact on the modern development of the urban economy. The development of an urban economy is a complex comprehensive systematic task. An effective solution to the problems is of great importance for the economic development of both the capital region and the country as a whole. Analysis has shown changes in the ratio of the structure of the economic sectors and in the employment structure in favor of the tertiary sector of the urban economy. There have been changes in the ratio of numbers of employees in governmental and non- governmental sectors in Beijing. Beijing is still the center of attraction for labor resources. The main reason is the search for the most favorable economic conditions (employment in the labor market, higher wages, opportunities to master a new profession, to improve skills, etc.)