政府新闻
上海前三季度GDP增速达5.5%，超过全国平均水平 2025-10-22
Shanghai's gross domestic product expanded 5.5 percent in the first three quarters of the year, faster than the national average, with high growth logged by strategic emerging industries.The city's GDP rose to CNY4.07 trillion (USD571.4 billion) in the nine months ended Sept. 30, according to data released by the local statistics bureau on Wednesday. China's GDP gained 5.2 percent to CNY101.5 trillion (USD14.25 trillion) in the same period, figures showed on Oct. 20.
Shanghai saw its economy expand 5.1 percent in the first half of this year, slower than the country's 5.3 percent growth.
"The economic data for the first three quarters reflects Shanghai's resilience as a driving engine of China's economic growth and showcases the leading role of its economic structural transformation and upgrading," Shen Kaiyan, director of the Shanghai Academy of Social Sciences's economics institute, told Yicai. The driving forces behind economic growth are more noteworthy than the growth rate itself, Shen pointed out.
The combined industrial output of Shanghai's three leading industries -- with artificial intelligence, integrated circuits, and biomedicine -- rose 8.5 percent, expanding 12.8 percent, 11.3 percent, and 3.6 percent, respectively.
The output of industrial strategic emerging industries grew 7.3 percent, with their share of the city's total industrial output increasing to 44 percent. Among them, the output of new energy and next-generation information technology jumped 20 percent and 11 percent, respectively, while that of high-end equipment and high-tech manufacturing increased 10 percent each.
Driven by emerging industries, Shanghai's value-added of industrial enterprises above a designated size rose 5.3 percent in the first three quarters from a year ago, up from a 5.1 percent year-on-year growth in the first half of the year. In addition, their value-added output jumped 5.7 percent, up from 5.6 percent.
In addition, the value-added of the tertiary sector increased 5.9 percent to CNY844.9 billion (USD118.6 billion) in the first nine months from a year ago, driven by the financial and information service industries. The financial sector's added value rose 9.8 percent to CNY696.5 billion.
Shanghai's economy has also benefited from the resilience of consumption and the stability of demand over the first three quarters, with retail sales of consumer goods rising 4.3 percent to CNY1.23 trillion. The policy of replacing old products with new ones has also shown positive effects, lifting social consumption by nearly CNY110 billion.
With the construction of an international consumption center and the emergence of new consumption scenarios, Shanghai's consumption potential is being continuously activated, Shen noted.
The key to Shanghai's economy continuing to maintain stability and improvement lies in seizing opportunities in global technological competition, technological innovation, and supply chain restructuring, while further activating domestic consumption demand, Shen said. "Once an economic entity like Shanghai establishes a solid foundation in technological innovation, it can show greater stability amid global economic fluctuations."
Source: Yicai Global
