Shanghai's economy grew steadily in February as industrial output, consumer prices and foreign trade all rose. Its foreign trade increased 8.9 percent to 239.47 billion yuan (US$37.84 billion) from the same month last year, according to Shanghai Statistics Bureau.

Imports rose 2.5 percent to 141.62 billion yuan while exports jumped sharply by 19.7 percent to 97.86 billion yuan compared to February last year.