Shanghai's economy up 6.9 pct in 2017

Updated 2018-01-20 09:51:07 Xinhua

Shanghai's economy grew 6.9 percent year in 2017 to 3 trillion yuan (460 billion U.S. dollars) last year, said local statistics bureau Friday.

The growth was achieved through measures to boost the real economy when the property sector cooled, said the Shanghai Municipal Bureau of Statistics.

The industrial output of six major industries, including the auto and electronics and information sectors, expanded at 9 percent with much stronger 19.1 percent growth in the auto industry.

New commercial property sales in Shanghai slumped 37.5 percent year on year to 16.9 million square meters in 2017.

Shanghai will not loosen the property control measures this year as it continues to reduce reliance on the sector for economic growth and fiscal revenues, said Tang Huihao, chief economist with the bureau.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 17 2018 20:52:40

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 17 2018 20:52:40

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 17 2018 20:52:40

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords