The Shanghai Municipality achieved a GDP of 3.01 trillion Yuan and a year-on-year growth of 6.9% in 2017. The growth was higher than expected and Shanghai is now the first city in China breaking the 3 trillion mark in terms of GDP.
Growth has been partly driven by the coordination of manufacturing and service industries, some fast growing sectors were production and sales of new energy vehicles and the manufacturing of medical equipment. Shanghai’s real estate market cooled down.
Please follow and like us:
