国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

First-half growth decelerates in Beijing, Shanghai

By Wei Tian in Shanghai and Zheng Yangpeng in Beijing (China Daily) Updated: 2014-07-19 07:01

China's biggest cities recorded slower economic expansion in the first half, but many municipal officials are sounding a confident note, saying that structural changes are laying a solid foundation for future growth.

GDP growth in Shanghai, the nation's largest city and financial hub, slowed 0.6 percentage point year-on-year to 7.1 percent, the city's statistics bureau said on Friday.

Beijing's GDP growth also slowed to 7.2 percent in the first half from 7.7 percent a year earlier. But the traditional services center of the nation said activity in this sector kept growing, especially high-end services.

First-half growth decelerates in Beijing, Shanghai
China's top 10 richest cities

First-half growth decelerates in Beijing, Shanghai
Top 10 regions with highest GDP in China 

The information service, financial service and technology service industries contributed more than half of the city's first-half GDP growth, Beijing's statistics bureau said. The three sectors contributed 3.8 percentage points of the 7.2 percent total, Xia Qinfang, spokeswoman of Beijing's statistics bureau, said.

Xu Fengxian, a regional economics researcher with the Chinese Academy of Social Sciences, said that as the two cities have entered the later stages of industrialization, it's inevitable that their growth is slowing even as their service sectors expand.

This is evident in Shanghai, where the overall growth rate was lower than the national level of 7.5 percent, but services, consumption and high value-added industries drove that growth.

The service sector expanded at the fastest pace among all industries, at 7.8 percent in the first half. Its share in GDP growth reached 62.7 percent, 1.0 percentage point more than a year earlier.

Growth in consumption also gained traction, expanding 1 percentage point faster than a year earlier to 11.1 percent, mainly driven by a boom in online sales, which surged 31.8 percent year-on-year.

In comparison, investment growth, which used to be a major engine for the Chinese economy, continued to shrink in Shanghai, with expansion falling by 8.3 percentage points to a mere 3.8 percent in the first six months.

Another notable fact is the trade in services grew faster than merchandise trade. Yan Jun, chief economist with Shanghai's statistics bureau, said this was obviously a result of the establishment of the China (Shanghai) Pilot Free Trade Zone, which has brought more opportunities to service companies by removing investment barriers.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
双城市| 营口市| 麟游县| 祥云县| 梧州市| 土默特右旗| 德惠市| 元阳县| 新巴尔虎右旗| 西青区| 枣阳市| 临西县| 晴隆县| 句容市| 蓝山县| 平凉市| 兴城市| 连平县| 塔城市| 密山市| 珠海市| 嘉峪关市| 白城市| 桂阳县| 资阳市| 大兴区| 尚志市| 滨海县| 荔浦县| 玉溪市| 华宁县| 甘泉县| 托克逊县| 成安县| 二连浩特市| 炎陵县| 北碚区| 色达县| 旺苍县| 渭源县| 富平县|