In August 2012, the local government revenues of Shanghai Municipality amount to RMB 23.91 billion, 9.8% up in annual terms or RMB 2.14 billion more than the previous year. From Jan. to Aug. 2012, the local government revenues of Shanghai Municipality amount to RMB 279.94 billion, 7.2% up in annual terms, which account for 75.6% of the goal of government revenue for 2012.

In August 2012, Shanghai Municipality enjoyed steady and sustained economic growth and a stable monthly revenue growth that has been maintained so far this year. The tertiary sector is the key contributor to the revenue growth this month, in which banking, insurance and services have made especially significant contributions.