Industrial Structure

Minhang District makes continuous efforts to optimize the industrial structure. In 2010, the industrial sector of the secondary industry accounted for 65.0% of the gross GDP of the district, and the tertiary industry for 34.9%. The stable growth of the secondary industry and the tertiary industry has become a driving force for the economic development of the district.

In terms of tax revenue, three income taxes grew most rapidly. The income taxes from the domestic-funded enterprises, foreign-funded enterprises, and individuals reached RMB 4.664 billion, RMB 5.344 billion, and RMB 3.761 billion respectively. The contribution rate of the three taxes to the tax revenue of the district reached as high as 107%. In terms of industries, the wholesale, retail, lease and business service, and real estate registered a fast growth, up by 34.1%, 23.0%, and 15.4% respectively.

Investment Structure

In 2010, the district's investment in fixed assets totaled RMB 30.845 billion, 4.3% higher than the previous year. The annual investment amount surpassed 30 billion RMB for the first time, making a record high.

Specifically, the investment in industry reached RMB 7.386 billion, accounting for 24% of the total and increasing by 5% over the previous year; that in real estate development reached RMB 17.398 billion, accounting for 56% of the total and increasing by 7% over the previous year; and that in infrastructure reached RMB 2.556 billion, accounting for 8% of the total and decreasing by 10% over the previous year.

In terms of industries, the secondary industry absorbed RMB 7.411 billion, 24% of the total, and the tertiary industry RMB 23.434 billion, 76% of the total.

In terms of investment subjects, foreign businesses and those of Hong Kong, Macao and Taiwan invested RMB 5.038 billion, accounting for 16.3% of the total investment, the state-owned businesses RMB 7.125 billion, accounting for 23.1% of the total, the sector of private businesses RMB 6.075 billion,

Ownership Structure

In 2010, 50.1% of the district's tax revenue, RMB 17.715 billion, came from foreign-funded enterprises, and 46.6%, RMB 16.482 billion, came from domestic-funded enterprises. Of the total industrial output of enterprises above the set scale, 72.5% of the value was from enterprises invested by foreign investors, or investors from Hong Kong, Macao, and Taiwan, and 23.5% from joint-stock enterprises.

Employment Structure

By the end of 2010, the number of employees in the district reached 155,500, including 26,400 employees of state-owned enterprises, 9,800 employees of collectively-owned enterprises, and 119,300 employees of the other types of businesses.