Shanghai GDP to hit record US$160b this year
Posted on Oct-31-2007· by china investor
BEIJING, Oct. 29 — Shanghai’s gross domestic product is expected to reach a record 1.2 trillion yuan (US$160 billion) this year, keeping a double-digit growth for 16 straight years, said Mayor Han Zheng yesterday during a forum.
In the first nine months this year, Shanghai’s economy swelled 13.4 percent, Han said at the 19th International Business Leaders’ Advisory Council for the Mayor of Shanghai.
The city’s fixed-assets investment grew 7.4 percent to 311.89 billion yuan through September.
Consumer spending expanded 14.3 percent to 285.32 billion yuan while combined value of imports and exports soared 20.9 percent in the same period.
Han expected the city’s value of trade this year will surpass US$500 billion for the first time.
”Shanghai’s economy has kept a stable growth. We are confident that Shanghai is frameBorder=0 width=604 height=28>
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