Shanghai Reports Robust Growth in IT Industry

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Last updated at: (Beijing Time) Sunday, August 03, 2003

Shanghai Reports Robust Growth in IT Industry

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Shanghai recorded more than 110 billion yuan (approximately 13.25 billion US dollars) in the total output value of the information technology industry and related service revenue in the first six months of the year, up 43.8 percent from the same period last year.

The IT industry accomplished 28.54 billion yuan (about 3.44 billion US dollars) in added value from January to June, accounting for 10.1 percent of the municipality's gross domestic product (GDP), a record high, said the Shanghai Municipal Office for Information Industry.

The information product manufacturing sector created 86.6 billion yuan (about 10.43 billion US dollars) in total industrial output value in the first six months of 2003, a rise of 47 percentor 14 percent more than the average industrial growth rate of the city.

Shanghai municipality also raked in 24.2 billion yuan (some 2.92 billion US dollars) in information service revenue in the firsthalf of the year, up 33.2 percent.

Integrated circuits and software parts exports were major powerhouses spurring development of the city's IT industry. So far,150 IC projects have been built or are under construction across the city, with total investment exceeding 10 billion US dollars.

The city exported nearly 6 billion US dollars worth of information products in the first six months of the year, accounting for about 30 percent of the city's total export.

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