Shanghai’s GDP Jumped 8.1% to Record High of USD681 Billion in 2021
Xu Wei
DATE:  Jan 21 2022
/ SOURCE:  Yicai
Shanghai’s GDP Jumped 8.1% to Record High of USD681 Billion in 2021 Shanghai’s GDP Jumped 8.1% to Record High of USD681 Billion in 2021

(Yicai Global) Jan. 21 -- Shanghai’s GDP jumped 8.1% to record high of USD681 billion in 2021.

- Shanghai reported CNY4.32 trillion (USD681 billion) in gross domestic product last year, rising 8.1 percent from a year ago.
- Shanghai's industrial added value exceeded CNY1 trillion for the first time, retaining the No. 1 spot nationwide.
- The city's industrial output totaled CNY4.2 trillion, surpassing CNY4 trillion for the first time.
- The output value of integrated circuits, biomedicine, and artificial intelligence achieved an 18.3 percent increase.

- Some 635,000 new jobs were created.
- Shanghai's per capita disposal income grew 8 percent.
- Some 67,000 affordable rental houses were constructed.

- Shanghai’s total expenditures on research and development last year made up 4.1 percent of its GDP.
- The number of enterprises per 1,000 people was 107.4, ranking No. 1 nationwide.
- Some 60 new regional headquarters of multinational companies were set up in the eastern city, bringing the total to 831.

- The new districts of Jiading, Qingpu, Songjiang, Fengxian, and Nanhui made investments of more than CNY100 billion (USD15.8 billion) last year.
- Enterprises and institutions penned contracts to establish 50 corporate headquarters and 62 R&D centers in Shanghai's new districts.

- Some 1,078 brands opened their first stores in Shanghai last year, the highest number among all cities in the country.

- Shanghai had over 20,000 high-tech companies as of last December.
- The market value of firms listed on the Shanghai Stock Exchange’s Star Market amounted to CNY1.47 trillion while Shanghai-based companies had the biggest combined valuations.
- Shanghai had built 54,000 fifth-generation wireless base stations outdoors as of last December.
- Shanghai issued six laws exclusive to the Pudong New Area.

Editor: Emmi Laine, Xiao Yi

Follow Yicai Global on
Keywords:   Shanghai,GDP