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Economic Progress
    Shanghai is one of China's old industrial bases. The reform over the past 20 years has injected the city with new vitality. In 1997,the city's GDP exceeded 336 billion yuan (US$40.5 billion) with the per capita GDP reaching US$3,000. Steel, telecommunications, automobiles, power production equipment, petrochemicals and electric appliances have become Shanghai's six pillar industries. The city produced 230,000 cars in 1997, while its steel output is the largest in the country. China's largest petrochemical complex is also located here.

    The city's service industry now represents a growing part of Shanghai's economy. Finance and insurance, commerce, real estate, tourism and information represent the key sectors for development. The city's goal is to turn Shanghai into a regional economic and trade centre. The Shanghai Stock Exchange and various specialized markets have developed rapidly in Shanghai, which also has the country's largest foreign exchange trading centre as well as many foreign banks and insurance companies.


    Shanghai has developed trade relations with more than 30,000 companies in about 170 countries and regions. The value of Shanghai's imports and exports surpassed US$58.7 billion in 1997, accounting for about one-sixth of the national total.

    The city has attracted more than 20,630 direct foreign investment projects, nearly 300 of which were invested by big-name multinationals. More than half of the world's top 100 industrial companies have invested in Shanghai.

    Shanghai is also developing modern farming in its suburban areas. The government-supported "Basket Project " has been successful in enriching food supplies in the city.

Baoshan City Industrial Park
Caohejing Hi-Tech Park
Fengpu Industrial Zone
Jiading Industrial Zone
Jinshanzui Industrial Zone
Kangqiao Industrial Zone
Qingpu Industrial Park
Waigaoqiao Free Trade Zone
Xinghuo Development Zone
Xinzhuang Industrial Zone

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