April,2012
In April 2012, the local government revenues of Shanghai Municipality amount to RMB 41.04 billion, 6% up in annual terms. From Jan. to April 2012, the local government revenues of Shanghai Municipality amount to RMB 151.4 billion, 6.5% up in annual terms, which account for 40.9% of the goal of revenue for 2012.
In April 2012, Shanghai Municipality enjoyed steady and sustained economic growth. Its economic structure gradually improves, modern services continue to boom and the tertiary sector continue to grow faster than the secondary sector. Banking, information service, bio-medicine and auto industries have reported faster growth rates and fueled the growth of local government revenues.