Shanghai's First-Quarter GDP Grew 5.7%
Tang Shihua
/SOURCE : yicai

(Yicai Global) April 30 -- Shanghai, China's biggest metropolis, logged a 5.7 percent growth in gross domestic product over the first quarter.

Its GDP over the first three months tallied CNY830.8 billion (USD123 billion), the Shanghai Bureau of Statistics said in a statement today.

The rate of expansion was slower than the better-than-expected nationwide average of 6.4 percent for the same period. As the country's most-developed city, Shanghai's economy grows slower than in less urbanized areas. Its growth rate for the quarter was also down from 6.8 percent over the first three months of last year. 

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Keywords: GDP , Regional Economic Data , Shanghai