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Cornerstone Blog Shanghai’s GDP up 17.6% in Q1

Shanghai’s GDP up 17.6% in Q1

May 12, 2021 by Cornerstone International Group Leave a Comment

Shanghai saw an upswing in economic growth in the first quarter, with almost all major indicators performing strongly.

The city’s gross domestic product approximated 946 billion yuan (US$145.6 billion) in the first three months,

an increase of 17.6 percent from the same period last year (calculated at comparable prices), according to the city’s statistics bureau.

Compared with January-March 2019 before the shock of COVID-19,

the figure this year still posted a 9.7 percent rise. The two-year average growth in the period reached 4.7 percent.

Industrial production grew at a faster pace in the first quarter, with strategic emerging industries bounding ahead.

In the first three months,

value-added industrial production in the city swelled 34.5 percent from a year earlier,

and was up 5.2 percent in average over the past two years.

Of the 35 major industrial sectors, production in 34 sectors achieved expansion.

Read the full article here…

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Filed Under: Cornerstone Blog Tagged With: #gdp, #Shanghai

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