Shanghai's Nine-Month GDP Quickens to 6%, But Trails National Average
Xu Wei
/SOURCE : yicai
Shanghai's Nine-Month GDP Quickens to 6%, But Trails National Average

(Yicai Global) Oct. 21 -- Shanghai's gross domestic product gained 6 percent over the first three quarters of this year. That was 0.2 percentage point slower than the average for China.

Shanghai's GDP expanded to CNY2.54 trillion (USD359.3 billion) in the nine months ended September from a year earlier, the city's statistics bureau said in a statement today. The growth rate was 0.1 point faster than for the first half, it added.

The country's overall GDP growth came in at 6.2 percent over the same period, the National Bureau of Statistics said on Oct. 18, within the government's target range of 6 percent to 6.5 percent for the whole year.

The contract value of foreign direct investment in the eastern city rose 8.9 percent to USD36.6 billion (USD5.2 billion). The increase was 2.6 points faster than in the first six months.

The output value of large industrial firms slid 2.6 percent to CNY2.48 trillion. The decline was 1.3 point less than the first half.

From January to September, consumer goods sales rose 7.2 percent to CNY991.3 billion (USD140.2 billion). That was 1.2 point slower than the first half. 

Editor: Emmi Laine

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Keywords: gross domestic product , Shanghai , China , GDP growth