In Q3, Shanghai registered steady growth in production and foreign trade

Shanghai's main economic indicators turned out to be better than expected – as evidenced by official data, Xinhua reports

PHOTO:WWW.RUSSIAN.NEWS.CN

In Q3, the added value of Shanghai’s leading industrial enterprises increased by 14.9 percent year-on-year. In September, production volumes reached 404.12bn Yuans (about $56.46bn), updating the previous maximum.

In the same period, the city recorded a record quarterly volume of trade in goods, which reached 1.21 trillion Yuans. The total volume of foreign trade increased by 16.6 percent at an annual terms.

From January-September 2022, the volume of foreign investments actually used in Shanghai reached $18.57bn – an increase of 11.3 percent year-on-year.