Economic Growth

　　Thanks to its focus on fostering its comprehensive competitiveness, Shanghai has kept its economy on a track of constant, fast and healthy growth. Since 1992, the city has maintained a double-digit GDP growth rate for 15 consecutive years. In 2006, its GDP reached 1.029697 trillion yuan, exceeding the 1-trillion-yuan mark for the first time. It represented a 12% growth over the previous year in terms of comparable prices. The figure is 96.2% higher than that in 2000, representing an annual average growth of 11.9%.

Economic Power

　　Shanghai witnessed marked growth in its economic power. The per-capita GDP, calculated by the permanent population and the then exchange rate, exceeded US$1,000 for the first time in 1990. It rose to US$2,000 in 1995, US$3,000 in 1999 and US$7,189 in 2006, which was about the level of a medium-developed country.

Financial Income

     The city’s financial income has witnessed constant growth. It stood at about 19 billion yuan in the late 1970s when China adopted the opening and reform policy, but surged above 170 billion yuan in 2000. The figure totaled 479.893 billion yuan in 2006, up 17.2% over the previous year, and 1.7 times more than that in 2000, representing an average annual growth of 18.3%. The city’s local financial revenue rose to 160.037 billion yuan in 2006, 11.6% higher than the previous year.

One Day in Shanghai

Proportions in the Nation's Total

    Shanghai plays an important role in the nation's social and economic development as the international metropolis-oriented city is striving to serve the nation and lead the growth of the Yangtze River Delta region. With a population of only 1% and a land area of 0.06% of the nation's total, Shanghai contributes one-eighth of the nation's total financial income. The volume of cargo handled at local ports accounts for 10% of the national total, and commodities passing through the city's customs 25% of the nation's total.