18 January 2019

Shanghai financial sector up 13.7% in 2013, Xinhua says

Shanghai’s financial sector grew 13.7 percent in 2013, up 1.1 percentage points from the previous year, Xinhua news agency reported Monday, citing data from the local bureau of statistics. The sector generated 282.3 billion yuan ($46.66 billion) in revenue last year, a big boost to the city’s ambition to become a global financial center by 2020, the report said. The local economy expanded 7.7 percent — the same rate as the national average — and generated 2.16 trillion yuan in revenue, it added.

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