BIZCHINA / Biz Media Digest
Macro Economy: Shanghai's GDP grows 12.4%
(Shanghai Daily)
Updated: 2006-09-13 11:24
Shanghai's economy grew by 12.4 percent in the first eight months of this
year from a year earlier, keeping with the growth pace of the first half,
Shanghai Mayor Han Zheng said yesterday, according to Shanghai media.
Fixed-asset investments in the period grew 9.5 percent, after expanding
8.6 percent in the first half. Investments in infrastructures and public
utilities accelerated in the period.
Energy consumption for every unit of GDP dropped by 4.7 percent. The city
plans to cut the figure by 20 percent in 2010, compared with that of 2005.
Shanghai created 542,000 job opportunities in the period, aiming to
create net 500,000 positions by the end of this year.
(For more biz stories, please visit Industry Updates)
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