Local Revenue

 

June,2012

In the first half of 2012, the local government revenues of Shanghai Municipality amount to RMB 215.85 billion, RMB 13.74 billion more than the previous year, or up 6.8% in annual terms, representing 58.3% of the budget goal for 2012.

During this period, the local government revenues of Shanghai Municipality have shown a steady growth. Financing and other services have made a significant contribution: financing, IT service, leasing and commerce account for half of the growth. Meanwhile, industrial restructuring has created more and more benefits. Now key industrial sectors such as automotive, IT, whole-set equipment and biopharmaceuticals have accounted for 20% of the growth of the local government revenues of Shanghai Municipality.