Shanghai industrial output, GDP on the rise

Shanghai's GDP came at around 3.27 trillion yuan ($480.6) in 2018, up 6.6 percent from a year earlier, the municipal statistics bureau said on Tuesday.

The added value of tertiary industries contributed about 69.9 percent to the city's GDP, up 0.7 percentage points year-on-year. Industrial added value climbed 1.9 percent year-on-year to 869.5 billion yuan.

Total commodity sales in Shanghai increased 5.6 percent from a year earlier, reaching 11.9 trillion yuan in 2018.

Cargo import and export went up 5.5 percent year-on-year to 3.4 trillion yuan, among which the total import value increased 6.4 percent, and export 4.2 percent.

Output of strategic emerging industries registered at around 1.07 trillion yuan in Shanghai last year, up 3.8 percent from a year earlier. The biological sector reported the strongest annual growth rate, at 9.8 percent.

The total outstanding deposits in renminbi and foreign currencies reached 12.11 trillion yuan, up 7.7 percent year-on-year. Disposable income per capital reached 64,183 yuan, up 8.8 percent from a year earlier.