Economic Development

Economic Figures

In 2013, the economy of Songjiang realized stable development despite a complex situation both domestically and abroad, along with additional pressure due to efforts to restructure the economy. The GDP rose 3.5% year-on-year to 91.75 billion yuan (US$15.04 billion). The primary industry realized added value of 872 million yuan, up 2.6% from 2012. The secondary industry edged up 1.9% with added value of 54.4 billion yuan, and the service sector jumped 6% with added value of 36.477 billion yuan.

Fiscal Income

Fiscal income realized rapid development. In 2013, fiscal income reached 30.262 billion yuan, rising 9% from 2012. Among them, local fiscal revenue soared 17.2% to 10.347 billion yuan. And tax revenue increased 9.2% to 29.068 billion yuan.

The ranking of Songjiang among districts and counties in Shanghai suburbs

In 2013, Songjiang’s export volume ranked first among all districts and counties in Shanghai’s suburbs, and five other economic indicators including added value, total industrial output value, total fiscal income and contractual foreign investment. Bank deposits were the third most among all suburban districts and counties.

Industrial Structure

The industrial structure improved steadily in recent years. In 2013, the proportion of tertiary industry added value is 1.0:59.3:39.7, and the proportion of added value of the secondary industry dropped 1.7 percentage points from 2012, while the proportion of tertiary industry’s added value rose 1.6 percentage points, reaching a historical high.

Investment Structure

Songjiang accelerated the adjustment of fixed-asset investments. In 2013, the secondary industry received 7.457 billion yuan in investment, dropping 13.4% from a year ago, while tertiary industry investment rose 18.3% to 21.431 billion yuan. The proportion of tertiary industry investment is 0: 25.8:74.2. The ratio of secondary industry among total fixed-asset investment dropped 6.4 percentage points from 2012, while the tertiary industry rose 6.4 percentage points.