Government News

Shanghai Daily News Digest

6.8%! Shanghai’s economic growth in 2016 exceeds national level for the 1st time since 2008   2017-01-23

 

 

SHANGHAI'S economic growth last year exceeded the national level for the first time since 2008 powered by the services sector and advanced new industries, the Shanghai Statistics Bureau said today.

The city's gross domestic product rose 6.8 percent year-on-year in 2016, faster than the China growth of 6.7 percent and comparing with the city's 6.9 percent growth in 2015, official data showed.

Faster growth in the fourth quarter lifted the city's economic expansion from 6.7 percent in the first three quarters.