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Shanghai Reports Upbeat Industrial Performance
High-added-value steel sheets produced by the Shanghai-based Baoshan Steel and Iron Company and the Passat sedan of the Volkswagen Company lent strong momentum to the industrial growth of this east China metropolis in the first quarter of this year.
Latest statistics show that the comprehensive index for economic efficiency in the industrial sector in the city reached 144.82 -- 21.51 points higher than that of last year.
The industrial sales volume reached 148.309 billion yuan-worth, up 18.9 percent, and profits were 9.064 billion yuan, up 57.6 percent.
State-owned large and medium-sized enterprises registered a better performance as well, reporting profits of 5.153 billion yuan, up 55.9 percent.
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