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Shanghai GDP tops 2 trln yuan in 2012


08:59, January 22, 2013

SHANGHAI, Jan. 21 (Xinhua) -- Shanghai's Gross Domestic Product (GDP) grew 7.5 percent year-on-year to exceed 2 trillion yuan (321.2 billion U.S. dollars) in 2012, official figures showed Monday.

The data, released by the Shanghai Bureau of Statistics, placed the city on top of all major Chinese cities in terms of economic volume, said Yan Jun, the bureau's chief economist.

The city's GDP reached 1 trillion yuan in 2006 and 1.5 trillion yuan in 2009.

The economic growth rate of the city also rebounded earlier than the national average, Yan said.

According to Yan, the service industry contributed 6.2 percentage points, or 82.7 percent, to Shanghai's GDP growth in 2012, indicating a breakthrough in the transformation of the city's economic structure.

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