 |
Economy in Shanghai Witnessed a Continuous Booming
Total value of Shanghai GDP reached 202.039 billion yuan in the first half of this year, an increase by 10.3% at constant prices, or 0.8 percentage points higher at the rate of increase as against the corresponding period of last year, and 2.1 percentage points over the national average growth.
The said achievement was resulted in the implementation of a series of policies and measures adopted by the central government in expanding the domestic needs to promote development. As estimated, Shanghai will see a better efficiency in enterprises, a ceaseless improvement of the living standard of the people and a sustainable and steady economic growth in the later half of this year.
As reported, the proportion of the primary, secondary and tertiary industries lay respectively at 1.3 : 48.4 : 50.3, in which the secondary industry showed an increase of 8.6% while the tertiary industry gained 13.8% growth. Of the 10.3% increase, about 4 percentages were contributed by the secondary industry while 6.3 by the tertiary. The tertiary industry gained its fast development mainly due to the rapid growth of finance and insurance businesses. The first half of this year saw a rise of 23.1% in finance and insurance businesses or 14.1 percentages over that of last year.
The first half year witnessed a dual growth both in the speedy development and economic efficiency in Shanghai industries, realizing a total output value of 322.725 billion yuan, or a 12% increase with a profit totaling 14.809 billion yuan, up 38.2%. This is mainly due to the achievements effected from the reform of state-owned enterprises, and so in the first half of this year the SOEs and the state-owned holdings realized a 9.5% growth in total output value. Exports played a significant role in pushing ahead the industrial production. High-tech products obtained a speedy growth, a key driving force for the growth of industrial production in Shanghai, in which the information industry gained an increase of 25.4 % as against that of last year and a 21.2 % rise was realized in the output value of modern biological and medical industries.
Shanghai realized step by step a turn-round in the fixed-assets investment, which had been on a decline for two years in succession. Especially influenced by the putting into operation of the house-allocation system in currency the real estate market remained a constant rising. The investment for the development of real estate ended up in 19.865 billion yuan, a rise of 32.9% as against 29.1 % of the same period of last year in the social fixed-assets investment. Export trade saw an increase in the first half year with the total value reaching 11.76 billion yuan, or a 44.7 % increase, thus hitting a record high.
In This Section
|