Shanghai s GDP grew by 9.7% year-on-year in the first half of this year

On the 20th, the Shanghai Municipal Bureau of Statistics announced the operation of the national economy in the first half of 2023.

According to the unified accounting results of regional GDP, Shanghai achieved a regional GDP (GDP) of 2,139.017 billion yuan in the first half of the year, a year-on-year increase of 9.7% at comparable prices.

Among them, the added value of the primary industry was 3.512 billion yuan, a year-on-year increase of 1.5%; the added value of the secondary industry was 508.26 billion yuan, an increase of 15.1%; the added value of the tertiary industry was 1,627.245 billion yuan, an increase of 8.2%.

According to the Shanghai Bureau of Statistics, in the first half of this year, Shanghai's industrial production grew rapidly, and the growth of industrial strategic emerging industries led the way.

According to the data, in the first half of 2023, the added value of industrial enterprises above designated size in Shanghai increased by 14.2% year-on-year; the total output value of industrial enterprises above designated size was 1,879.792 billion yuan, an increase of 11.8% year-on-year. Among the 35 industrial sectors, the output value of 28 industries achieved year-on-year growth, with a growth rate of 80%.

In the first half of this year, the total output value of industrial strategic emerging industries in Shanghai was 838.547 billion yuan, a year-on-year increase of 14.6%, and the growth rate was 2.8 percentage points faster than the total output value of industrial enterprises above designated size. Among them, the output value of new energy vehicles, new energy and high-end equipment increased by 69.8%, 57.8% and 33.1% respectively.

According to official data, Shanghai's digital economy is developing steadily. In the first half of this year, the added value of Shanghai's information transmission, software and information technology service industries increased by 10.7% year-on-year.

From January to May this year, Shanghai's information transmission, software and information technology service industries achieved a year-on-year increase of 18.4% in operating income. Among them, the operating income of the Internet and related service industries increased by 23.8% year-on-year, driven by the continuous development of some e-commerce, food delivery and other platform companies; the operating income of the software and information technology service industry increased year-on-year, driven by some application software companies 15.0%.

According to the Shanghai Statistics Bureau, Shanghai's economic vitality is gradually recovering.

According to the data released on the same day, Shanghai's private economy has achieved rapid growth. In the first half of this year, the total industrial output value of private enterprises above designated size in Shanghai increased by 15.6% year-on-year, and the growth rate was 3.8 percentage points higher than that of industrial enterprises above designated size in Shanghai. The growth rate of private investment in the first half of the year was 28.3%, an increase of 26.4 percentage points compared with the first quarter, and the increase was higher than the city's investment growth rate of 2.8 percentage points.

In addition, traffic-type indicators also recovered. In the first half of this year, the total volume of cargo transportation in Shanghai increased by 12.6% year-on-year, and the growth rate was 11.8 percentage points higher than that in the first quarter; the cargo turnover increased by 5.7% year-on-year, and the growth rate was 3.6 percentage points higher than that in the first quarter. Driven by the continuous release of demand for business travel and tourism and vacations, in the first half of this year, Shanghai's passenger turnover increased by 1.7 times year-on-year.