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Shanghai's GDP up 8.2% in 2011

Jan. 30, 2012 (China Knowledge) - Shanghai, the country's economic hub, saw its gross domestic product rise 8.2% year on year to RMB 1.92 trillion in 2011, according to the latest statistics released by the Shanghai Statistics Bureau.
RMB12.49 billion of the GDP was generated by the primary sector, 0.7% more than in 2010. RMB 795.97 billion and RMB 1.11 trillion were generated in the secondary sector and the tertiary sector, 6.5% and 9.5% more than in 2010, respectively.

The city's value-added industrial output grew 7.4% year on year to RMB 679.83 billion, and its gross industrial output increased 6.4% to RMB 3.20 trillion.

Last year, the city's fixed-asset investment climbed 0.3% year on year to RMB 506.71 billion, including RMB 217.03 billion investments in real estate development and RMB 115.73 billion in urban infrastructure construction.

Shanghai's retail sales swelled 12.3% year on year to RMB 677.71 billion in 2011, and its foreign trade grew 18.6% year on year to US$437.44 billion.

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