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Shanghai Industrial Market ‐ Steady Forward

  • 저자

    By FPDSavills (Research Team)

  • 출처

    Hartcourt Capital Inc.

  • 발행일

    2003-11-26

  • 등록일

    2003-11-27

Despite the outbreak of SARS, Shanghai's GDP continued to grow over the first five months of 2003. In May, GDP reached RMB47.56billion (US$5.8billion), up 10.3 percent compared with the same period last year. The increase was due to the rapid growth in the industrial, export and investment sectors, which generated enough income to compensate for the weakness of other sectors such as transportation, tourism and catering. The added industrial output value for May stood at about RMB23.14billion (US$2.82 billion), an increase of 4.5 percent over the previous month, while Foreign Direct Investment (FDI) stood at US$667million, up 60 percent over the same period last year...

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