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Local Tech Leads Way
By Wang Yanlin |
November 12, 2009, Thursday
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Print Edition
Print Edition
GROWTH in Shanghai's industrial production accelerated last month, thanks to the government's continuous efforts to boost technology-led manufacturing, the Shanghai Statistics Bureau said yesterday.
Industrial output increased 12 percent year on year to 216 billion yuan (US$31.6 billion) in October, up from 9 percent in September. Companies involved in electronics, vehicles, oil refining, fine steel, machinery equipment and biomedicine - the city's key strategic industries - reported combined output value of 142 billion yuan, up 17.5 percent from a year earlier.
Shanghai has allocated 10 billion yuan for technological innovation, part of the city's development plan to shift the focus of the industry mix from manufacturing to high technology.
Industrial output increased 12 percent year on year to 216 billion yuan (US$31.6 billion) in October, up from 9 percent in September. Companies involved in electronics, vehicles, oil refining, fine steel, machinery equipment and biomedicine - the city's key strategic industries - reported combined output value of 142 billion yuan, up 17.5 percent from a year earlier.
Shanghai has allocated 10 billion yuan for technological innovation, part of the city's development plan to shift the focus of the industry mix from manufacturing to high technology.
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