Home » Shanghai’s GDP in the first half of the year increased by 12.7% year-on-year, and the output of new energy vehicles increased by 2.2 times

Shanghai’s GDP in the first half of the year increased by 12.7% year-on-year, and the output of new energy vehicles increased by 2.2 times

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On July 21, the Shanghai Municipal Government held a press conference to introduce the operation of Shanghai’s national economy in the first half of 2021.

At the meeting, Tang Huihao, deputy director of the Shanghai Municipal Bureau of Statistics, introduced that the GDP of Shanghai in the first half of the year was 2010.253 billion yuan, an increase of 12.7% over the same period last year, and an average increase of 4.8% in two years.

Zhuang Delong, deputy head of the Shanghai Survey Team of the National Bureau of Statistics, pointed out that in the first half of the year, Shanghai had achieved good results in maintaining supply and stabilizing prices. Consumer prices (CPI) Rose by 0.7% over the same period last year, and the growth rate dropped by 2.0 percentage points year-on-year. This is a relatively low growth rate in recent years, and the overall trend has been moderate.

The added value of the tertiary industry accounted forGDP75.0%

According to the unified calculation results of regional GDP, Shanghai’s regional GDP in the first half of the year was 2010.253 billion yuan, which was an increase of 12.7% over the same period last year at comparable prices, and the growth rate was 4.9 percentage points lower than the first quarter; the average growth rate for the two years was 4.8%. The two-year average growth rate was 0.1% faster than the first quarter.

In terms of industries, the added value of the primary industry was 3.296 billion yuan, a year-on-year decrease of 4.7%, an average drop of 11.0% in the two years; the added value of the secondary industry was 498.922 billion yuan, a year-on-year increase of 17.3%, an average increase of 3.8% in the two years; The value is 1508.035 billion yuan, an increase of 11.3% year-on-year, and an average growth rate of 5.2% in two years. The added value of the tertiary industry accounted for 75.0% of the city’s GDP.

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Among them, the service industry has recovered steadily,Information serviceLeading growth in the industry, wholesale and retail. In the first half of the year, the added value of the information transmission, software and information technology services industry was 177.06 billion yuan, an increase of 16.1% year-on-year; the added value of the wholesale and retail industry was 242.892 billion yuan, an increase of 15.2% year-on-year; the added value of the financial industry was 384.265 billion yuan, an increase of 7.7% year-on-year ;real estateThe added value of the industry was 181.218 billion yuan, a year-on-year increase of 13.6%.

Tang Huihao, deputy director of the Shanghai Municipal Bureau of Statistics, said that compared with the same period last year, there are 10 industry categories in the service industry above designated size.Operating incomeContinue to maintain a relatively rapid growth rate of more than 20%. The overall recovery of the life service industry is also steady. For example, the operating income of culture, sports and entertainment, which is closely related to residents’ leisure and entertainment, increased by 32.5% year-on-year from January to May, continuing the high growth rate of more than 30% since 2021.

Not only that, market consumption has also continued to increase, and consumption upgrades have grown rapidly.In the first half of the year, ShanghaiThe total retail sales of social consumer goods904.844 billion yuan, an increase of 30.3% over the same period last year, and an average increase of 7.6% over the two years.

Zhuang Delong, deputy head of the Shanghai Survey Team of the National Bureau of Statistics, pointed out that in the first half of the year, Shanghai had achieved good results in maintaining supply and stabilizing prices. Consumer prices (CPI) rose by 0.7% year-on-year, and the rate of increase fell 2.0 percentage points year-on-year, which was a relatively low level in recent years. The overall growth rate showed a moderate upward trend.

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In terms of different industries, the retail sales of wholesale and retail industry was 828.713 billion yuan, a year-on-year increase of 28.4%; the retail sales of accommodation and catering industry was 76.131 billion yuan, a year-on-year increase of 54.0%.

In terms of major commodity categories, the retail sales of consumer upgrades such as gold, silver, jewelry, cosmetics, and communication equipment increased by 72.4%, 24.0%, and 19.2% year-on-year, respectively, and the two-year average growth rate was 25.0%, 26.6%, and 8.0%, respectively. Physical store operations have recovered significantly, and retail sales of goods in physical stores above designated size increased by 33.7% year-on-year.

In addition, Shanghai added 402,300 new jobs in the first half of the year, an increase of 131,100 over the same period last year.

New energy vehicle production increased 2.2 times

In addition, Shanghai’s foreign trade situation also performed better.In the first half of the year, Shanghai has achievedimport and exportThe total amount was 1,882.789 billion yuan, a year-on-year increase of 19.0%.

Tang Huihao said that the import and export operations of Shanghai’s goods in the first half of the year mainly showed four characteristics: rapid growth in imports and exports, rapid growth in imports and exports by private enterprises, and rapid growth in general trade imports and exports.ChangheImports and exports to the EU and ASEAN have grown rapidly.

The 21st Century Business Herald reporter noted that in the first half of the year, Shanghai’s exports of goods trade were 703.779 billion yuan, a year-on-year increase of 9.6%; imports were 1,179.010 billion yuan, a year-on-year increase of 25.4%. The import and export volume of foreign-invested enterprises was 1.163366 billion yuan, an increase of 13.9%, accounting for 61.8% of the city’s total import and export volume. The import and export volume of general trade was 1.087.028 billion yuan, a year-on-year increase of 29.1%. The total volume accounted for 57.7% of the city’s import and export.

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At the same time, Shanghai’s utilization of foreign capital still maintained a relatively high growth.

Tang Huihao introduced that in the first half of the year, Shanghai addedForeign direct investmentThe number of enterprises was 3,289, an increase of 41.2% over the same period last year; the actual amount of foreign direct investment was 12.448 billion US dollars, an increase of 21.1%, accounting for 13.7% of the actual amount of foreign direct investment in the country.

In the first half of the year, the actual amount of foreign direct investment in Shanghai was 12.448 billion US dollars, an increase of 21.1% over the same period last year. The actual amount of foreign direct investment in the tertiary industry was 11.935 billion US dollars, an increase of 21.8%, accounting for 95.9% of the city’s total.

The number of newly-added wholly foreign-owned enterprises was 2004, accounting for 60.9% of the total number of newly-increased enterprises; the actual amount of foreign direct investment in place was 10.592 billion US dollars, accounting for 85.1% of the city’s total.

Headquarters projects have also grown steadily. In the first half of the year, Shanghai added 31 regional headquarters of multinational companies and 12 foreign R&D centers. As of the end of June, a total of 802 regional headquarters and 493 foreign-funded R&D centers have been set up in Shanghai by multinational companies.

The 21st Century Business Herald reporter also found that the output of new products in Shanghai also increased substantially in the first half of the year.The output of new energy vehicles increased by 2.2 times, the output of notebook computers and 3D printing equipment increased by 87.4% and 78.9%, respectively.robot, Integrated circuit output increased by 44.0% and 33.2% respectively.

(Source: 21st Century Business Herald)

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