Shanghai Firms Post Production Decline

Source: Xinhua | March 30, 2009, Monday |

Print Edition

THE output of major industrial companies in Shanghai contracted 12.7 percent in the first two months of 2009 to 292.174 billion yuan (US$42.8 billion), the municipal statistical bureau said on Saturday.

Major firms are defined as those with annual revenue of at least 5 million yuan. The bureau said falling exports amid the world downturn contributed to the decline.

Economy

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Shanghai Firms Post Production Decline

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