Local Revenue

 

October,2014

In Oct. 2014, the local government revenues of Shanghai Municipality amount to RMB 38.2 billion, RMB 3.81 billion less than the previous year, which represents an annual decline of 7.7%. In terms of specific subsectors, IT, complete equipment, securities and other financial services have better fulfilled their goals of contribution to local government revenues; while revenues from industries like steel and real estate have fallen dramatically.
From Jan. to Oct. 2014, the total local government revenues of Shanghai Municipality amount to RMB 410.37 billion, 10.9% up in annual terms.