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Major Industrial Index in Shanghai Approaches World Advanced Level
The latest statistics show that five major industrial indices in Shanghai have approached the advanced level in the world.
First, the assets in debt rate in industrial enterprises has fallen to under 50 percent from the previous 80 percent.
Second, only less than 20 percent of state or state-controlled large and medium-sized enterprises were in the red, quite similar to that in industrialized nations.
Third, the production-to-sales rate has reached 98.88 percent. Fourth, the net assets-to-profit rate reached 9 percent, reflecting that companies have better returns.
The last index shows that the total amount of labor forces are in balance with the industrial development scale in the city, where the per capita GDP surpassed 300,000 yuan (one yuan last year.
To sum it up, economists drew the conclusion that industry in Shanghai has attained the level of moderately developed nations.
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