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Economy surges 8% over boom in retail
By Gao Liangliang and Wen Wubei |
April 25, 2009, Saturday
|
Print Edition
Print Edition
MINHANG'S economy performed well in the first quarter of this year, with a total fiscal revenue of 9.39 billion yuan (US$1.38 billion), a jump of 8.04 percent over the previous year, according to the Minhang Economic and Trade Commission.
During the first three months, the district's consumption and investment fields enjoyed a rapid increase. Driven by a series of promotions such as the Minhang Shopping Festival that started last Christmas, the district's total retail sales for consumer goods is expected to increase by 10.4 percent.
In the first quarter, 33 new projects have begun construction with a total investment of 7 billion yuan.
More than 53 projects have been finished and put into operation, and it is estimated that these will generate an extra annual output value of 14.2 billion yuan.
Minhang's real estate market also shows signs of improvement. The total value of the property market is approaching 3.3 billion yuan, an increase of more than 9 percent.
In real estate trading, pre-owned apartment sales in February increased by 12,500 square meters compared with January. In the first 20 days in March, the trading volume increased by 8,000 square meters over February.
During the first three months, the district's consumption and investment fields enjoyed a rapid increase. Driven by a series of promotions such as the Minhang Shopping Festival that started last Christmas, the district's total retail sales for consumer goods is expected to increase by 10.4 percent.
In the first quarter, 33 new projects have begun construction with a total investment of 7 billion yuan.
More than 53 projects have been finished and put into operation, and it is estimated that these will generate an extra annual output value of 14.2 billion yuan.
Minhang's real estate market also shows signs of improvement. The total value of the property market is approaching 3.3 billion yuan, an increase of more than 9 percent.
In real estate trading, pre-owned apartment sales in February increased by 12,500 square meters compared with January. In the first 20 days in March, the trading volume increased by 8,000 square meters over February.
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