Shanghai output outpaces national trend
By Wang Yanlin |
November 13, 2010, Saturday
|
Print Edition
Print Edition
SHANGHAI'S industrial production outpaced the national trend when it rose 16.7 percent from a year earlier to 257.9 billion yuan (US$38.9 billion) last month, according to the Shanghai Statistics Bureau.
The pace also rose from the expansion of 15.9 percent in September.
Meanwhile, China's industrial production grew 13.1 percent year on year in October, down 0.2 percentage point from that in September due to a stricter curb on power in order to meet energy conservation targets.
But still, more energy-consuming heavy industries in Shanghai reported their production expanded 16.4 percent from a year earlier, behind the growth of 17.7 percent for light industry.
"The city is betting on innovation and technology to upgrade its manufacturing," said Wang Zehua, an analyst at the bureau. "The efforts have paid off with a steadier growth in Shanghai's manufacturing sector."
Shanghai's six key industries - electronics, automobile, petrochemical, fine steel, machinery equipment and biomedicine, said their combined production jumped an annual 17.3 percent to 169.7 billion yuan last month, above the average growth of 16.7 percent.
Auto output surged 30.7 percent year on year to 31.7 billion yuan, leading the other five industries.
Shanghai plans to focus on innovation and economic restructuring in the next five years to achieve its goal of sustainable growth.
The pace also rose from the expansion of 15.9 percent in September.
Meanwhile, China's industrial production grew 13.1 percent year on year in October, down 0.2 percentage point from that in September due to a stricter curb on power in order to meet energy conservation targets.
But still, more energy-consuming heavy industries in Shanghai reported their production expanded 16.4 percent from a year earlier, behind the growth of 17.7 percent for light industry.
"The city is betting on innovation and technology to upgrade its manufacturing," said Wang Zehua, an analyst at the bureau. "The efforts have paid off with a steadier growth in Shanghai's manufacturing sector."
Shanghai's six key industries - electronics, automobile, petrochemical, fine steel, machinery equipment and biomedicine, said their combined production jumped an annual 17.3 percent to 169.7 billion yuan last month, above the average growth of 16.7 percent.
Auto output surged 30.7 percent year on year to 31.7 billion yuan, leading the other five industries.
Shanghai plans to focus on innovation and economic restructuring in the next five years to achieve its goal of sustainable growth.
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