Local Revenue

 

July,2012

In July 2012, the local government revenues of Shanghai Municipality amount to RMB 40.18 billion, up 7.8% in annual terms, or RMB 2.9 billion more than the previous year. From Jan. to July 2012, the total local government revenues of Shanghai Municipality amount to RMB 256.03 billion, up 6.9% from the previous year, representing 69.1% of the goal for 2012.

During July 2012, Shanghai Municipality enjoyed steady and sustained economic growth, which has resulted in the steady growth of local government revenues of Shanghai Municipality. In terms of specific sectors, banking, insurance, automotives, biopharmaceuticals, power and energy have fulfilled their goals of contribution to local government revenues.