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Last updated at: (Beijing Time) Wednesday, February 13, 2002

Shanghai Reports Double-Digit Economic Growth

China's leading industrial and commercial city Shanghai reported a gross domestic product of 38.34 billion yuan (4.61 billion U.S. dollars) for January, a rise of 10.4 percent over the same month last year, according to the municipal statistics bureau.


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China's leading industrial and commercial city Shanghai reported a gross domestic product of 38.34 billion yuan (4.61 billion U.S. dollars) for January, a rise of 10.4 percent over the same month last year, according to the municipal statistics bureau.

The added industrial value amounted to 16.09 billion yuan (2.01 billion U.S. dollars), up 16.9 percent, and the incremental value of the service industry edged up to 20.57 billion yuan (2.47 billion U.S. dollars), up 5.8 percent.

The city's total industrial output value was 57.63 billion yuan (6.94 billion U.S. dollars), up 23.1 percent. State-owned and state-controlled industrial businesses realized a total output value of 27.26 billion yuan (3.28 billion U.S. dollars), an increase of 25.3 percent.

Retail sales amounted to 16.34 billion yuan (1.96 billion U.S. dollars), up 800 million yuan more than the monthly average of last year.

The city approved the setting up of 230 foreign-funded businesses in January, a 44.7-percent increase. Contractual foreign investments reached 775 million U.S. dollars, with 318 million U.S. dollars already in place, up 10.2 and 13.2 percent respectively.





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