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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SHANGHAI, Jan. 21 (Xinhua) — Shanghai's gross regional product (GRP) grew 5.4 percent year-on-year in 2025 to exceed 5.67 trillion yuan (about 814.1 billion U.S. dollars), the city's statistics bureau said Wednesday.
The main drivers of economic development in this financial hub in eastern China are industry and the service sector. Shanghai's primary, secondary, and tertiary value added totaled 9.94 billion yuan, 1.165 trillion yuan, and 4.496 trillion yuan, respectively, representing year-on-year growth of 2 percent, 3.5 percent, and 6 percent.
According to the Shanghai Municipal Bureau of Statistics, the city's industrial added value increased by 5 percent last year compared to the previous year. Among industrial sectors, production of railway, shipbuilding, aerospace, and other transportation equipment increased by 15.8 percent year-on-year. Electrical equipment and instrument production increased by 11.1 percent, and automobile manufacturing by 7.8 percent.
Remarkably, Shanghai has made significant progress in developing new productive capacities. In 2025, the output of Shanghai's three leading industries—integrated circuits, biomedicine, and artificial intelligence—grew by 9.6 percent year-on-year. In integrated circuits and artificial intelligence, growth was 15.1 percent and 13.6 percent, respectively.
Despite the backdrop of international trade tensions, Shanghai's foreign trade reached a record high, with total import and export volume reaching 4.51 trillion yuan, up 5.6 percent from a year earlier.
A particularly bright spot was the export of products from the "new three"—electric vehicles, lithium-ion batteries, and photovoltaic products: the total export value reached 160 billion yuan, an increase of 17.4 percent. In particular, the export value of electric vehicles increased by 13.8 percent.
Shanghai's GRP exceeded 5 trillion yuan for the first time in 2024, three years after it first surpassed 4 trillion yuan. In 2006, the city became the first in mainland China to surpass 1 trillion yuan in GRP. -0-
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