Beijing is a metropolis in Northern China and the capital of the People's Republic of China. Beijing is recognized as the political, educational, and cultural center of the People's Republic of China. Beijing is amongst the most developed cities in China with tertiary industry accounting for 73.2% of its GDP; it was the first postindustrial city in mainland China. Finance is one of the most important industries of Beijing. By the end of 2007, there were 751 financial organizations in Beijing that generated 128.6 billion RMB in revenue accounting for 11.6% of the total financial industry revenue of the entire country. It also accounts for 13.8% of Beijing's GDP, the highest percentage of all Chinese cities. Beijing is home to 26 Fortune Global 500 companies, the third most in the world behind Tokyo and Paris. In 2009, Beijing's nominal GDP was 1.19 trillion RMB (US$174 billion), a year-on-year growth of 10.1% from the previous year. Its GDP per capita was 68,788 RMB (U