Local Revenue



In Jan. 2012, the local government revenues of Shanghai Municipality amount to RMB 56.65 billion, 7.5% up in annual terms. During this period, Shanghai Municipality enjoyed steady and sustained economic growth, its economic structure gradually improves, and as a result its local government revenues enjoy a steady growth from the very high base level of last year. In terms of industrial structure, as the consumption and services markets continue to boom, banking, commerce and other services have maintained rapid growth.