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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