Industrial Structure

Minhang District makes continuous efforts to optimize the industrial structure. In 2008, the industrial sector of the secondary industry accounted for 69.3% the gross GDP of the district, the tertiary industry 30.5%. They continue to be the dual drivers for the regional economy.

In 2008, the total tertiary industry output reached 12.36 billion yuan, up 25.2% over the previous year. All the major sectors of the tertiary industry realized increase over 10% in tax revenue, among which the data transmission sector, computer and software business contributed twice as that in 2007, up 2 percentage points over 2007; wholesale and retail up 48.7%; the lease and commercial service businesses up 39.5%.

Investment Structure

In 2008, the district’s investment in fixed assets totaled 29.556 billion yuan, up 5.5% over the previous year. Specifically, investment in infrastructure was 13.353 billion yuan, accounting for 45.2% and investment in real estate development 13.196 billion yuan, 44.7%.

In terms of the orientation, the secondary industry absorbed 10.381 billion yuan, or 35.1% of the total investment, and the tertiary industry 19.174 billion yuan, 64.9%.

In terms of investment subjects, foreign businesses and those of Hong Kong, Macao and Taiwan invested 9.381 billion yuan, accounting for 31.7% of the total investment; the state-owned businesses made investments worth 6.024 billion yuan in total, accounting for 20.4%; the sector of private businesses invested 4.114 billion yuan, accounting for 13.9%; and the other sectors 8.452 billion yuan, accounting for 28.6%.

Ownership Structure

In 2008, 51.3% of the district’s tax revenue, or 15.603 billion yuan, was from foreign-funded enterprises and those of Hong Kong, Macao and Taiwan. 45.6%, or 13.989 billion yuan was from domestically-funded enterprises.

Of the total industrial output of enterprises above the set scale, 75.2% of the value was from enterprises invested by foreign investors, or investors from Hong Kong, Macao, and Taiwan and 19.6%  from joint-stock enterprises.

Employment Structure

By the end of 2008, the number of employees across the district reached 155,000, which included 25,000 employees of state-owned enterprises, 11,000 employees of collectively-owned enterprises and 119,000 employees of the other types of businesses.