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Shanghai's GDP up 7% in Q1

Apr. 26, 2012 (China Knowledge) - Shanghai saw its gross domestic product grow 7% year on year to RMB 459.39 billion in the first quarter of this year, according to the latest statistics released by the Shanghai Statistics Bureau.

The growth rate was 1.5 percentage points lower than that in the same period of 2011.
Value-added output in the primary industry fell 4.0 % year on year to RMB 1.88 billion, and that in the secondary sector grew 4.4% year on year to RMB 187.98 billion. The tertiary sector generated RMB 269.53 billion in the period, 8.9 % more than in the same period of 2011.

Medium and large industrial enterprises in the city realized RMB 744.25 billion of gross output, reflecting a slight growth of 0.8% year on year. The gross output of the light industry grew 4.8% year on year to RMB 165.79 billion, and that of the heavy industry dropped 0.3% to RMB 578.45 billion.

Shanghai's retail sales increased 10.6% year on year to RMB 179.02 billion in the first quarter.

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