II . Economy
i. GDP figures
Shanghai GDP
In 2005, the GDP of shanghai municipality reached 914.395 billion yuan. The city has further optimized its industrial structure, accelerating the development of modern services and advanced manufacturing industries. The ratio of the city's primary industry, secondary industry and tertiary industry had changed to 0.9:48.6:50.5 by the end of 2005.
ii. Industries, Services and Agriculture
Industries
In 2005, Shanghai realized an industrial value of 1.68768 trillion RMB, maintaining 16 years of double digital growth. The city's manufacturing sector boasts the advantage of complete range of industries, and necessary supporting services. According to the national business classification, Shanghai has all the 30 manufacturing categories.
Shanghai has 161 out of altogether 169 industrial segments available in China.
In 2005, the electronics, mechanics, light industries, petrol-chemicals, metal, and automotive industries realized 22%, 19.8%, 16.3%, 12.0%, 8.5% and 6.6% of the city's total industrial value, while the rest accounted for 24.8%.
Service Industry
The tertiary industry in the city, the core of the modern service business, has witnessed steady development. In 2005, the six key sectors, namely, finance, wholesales and retails, real estate, transportation, logistics and postal services; information services and software, and boarding and catering, accounted for nearly 40% of the city's GDP. Among the six, the proportion of the added value from wholesales and retails reached 9.1%, leading the tertiary industry. The financial sector in the city's total stood at 7.5%. The figure with the transport, logistics and postal services reached 6.4%.
Agriculture
The rural areas of Shanghai have accelerated the readjustment of agricultural structure, focusing on pushing the factories into industrial parks, attracting residents into urban areas and adjusting farmland into large-scale farming operation.
iii. Business Data
Import and Export
Since opening up, the international trade has been processed in an all-around way, multi-level and wide range fashion.
Remarkable changes have happened on the scale, quality and management. In 2005, there are 186.365 billion USD trade volumes, among which, 95.6 billion import and 90.7 billion USD export. Through the "Integrated Customs Clearance" Project, and" E-Customs", Shanghai has enhanced the port function of the city. In 2005, the import and export through Shanghai port reached 350.678 billion USD, among which, 138.248 billion are import and 212.43 billion export.
FDI
Since China's reform and opening-up, FDI has continuously fl owed in to the city.
In 2005, Shanghai approved 4,091 foreign invested projects, with contractual capital of 13.83 billion USD, and paid-in capital 6.85 billion USD. By the end of 2005, Shanghai has approved 40,486 foreign invested projects, with contractual capital of 99.96 billion USD, and paid-in capital 59.76 billion USD in total.
The industry priority pattern the foreign investors prefer as follows: tertiary, secondary and primary industries. In 2005, 2,775 projects were in the tertiary industry, with contractual capital of 7.31 billion USD, accounting for 52.9% of the total; 1,308 projects are in the secondary industry, with contractual capital of 6.51 billion USD, accounting for 47%. 120 countries (regions) have FDI in Shanghai.
In 2005, 485 out of Fortune 500 (excluding 15 local companies), 260 have investment in Shanghai, 232 have established their ventures. The area for the investment are mainly auto and auto parts, electronics and electric equipment, banking and insurance, and altogether 10 main industries.
Foreign Economic Cooperation
Shanghai companies have been accelerating the pace of" going abroad", while improving its technology content, widening its scope, and emphasizing on general contracting and integration of services. In 2005, the external investment by Chinese companies have reached 680million USD, setting up 5 R&D units, and newly-signed foreign contracted engineering projects and labor cooperation have been growing 50% and 74.8% respectively.
External Investment
Import of Technology
Since open up, Shanghai has made major efforts to import advanced production processes and technology equipment, facilitating the innovation and reform of enterprises and promoting the upgrade of the high-tech industry and its industry structure.
Commodities Distribution
In 2005, the retail value of Shanghai social consuming goods summed up RMB 297.297 billion at a growth rate of 11.9% compared with the previous year, accounting for 4.43% of the whole nation. The retail value of the foreign invested commerce summed up RMB41.86 billion at an increase rate of 11.9% compared with the previous year.
Among those newly established large scale supermarkets, foreign invested enterprises took more than 50%. Up to the end of 2005, a total of 67 foreign invested large-scale supermarkets opened, accounting for 60% of the whole industry in the city, with their retail value shared 76% of the whole.
In recent years, Shanghai has endeavored to construct logistics facilities, logistic information and related policies, develop the third party logistic providers, put up major logistic zones, and accelerate the upgrade from traditional logistic industry to modern forms. From 2001 to 2005, the added value created by the local logistic industry has grown from 62.8 billion RMB to 117.5 billion RMB, accounting for 13% of the city's total.
