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Economy

By the end 2006, Minhang District had created and increased the value of about 84.7 billion yuan, a jump of 15.2 percent compared with 2005: 180 million yuan in the primary industry, a drop of 31.9 percent; 61.7 billion yuan in the secondary industry, 15.8 percent up; 22.8 billion yuan in the tertiary industry, an increase of 14.3 percent.

The total volume of the government revenue in 2006 is about 22.8 billion yuan, a rise of 16.8 percent compared with 2005. The local government's revenue achieved 6.828 billion yuan, a 10.2 percent up.

Minhang’s area accounts for 5.86 percent of Shanghai and its permanent population is about 10 percent of Shanghai. Its gross regional product accounts for 8.2 percent, ranked the third in the city.

Minhang is an important place for the equipment and manufacturing industries and is a center of information technology. In recent years, Minhang's secondary and tertiary industries have developed rapidly.

The district’s main economic index is always among the top in Shanghai, No.2 in its fiscal revenues, No.3 in the value-increase of industry, No.4 in the total social retail sales of consumer goods, No.2 in investment absorption, and No.1 in sales of newly-built commercial real-estate.

Economic Datum of Investment in Minhang
Added Value 2006 RMB 84.7 billion
Gross Industrial Product 2006 RMB 302.8 billion
Sales of Foreign-Invested Enterprises 2006 RMB 140.5 billion
Export of Foreign-Invested Enterprises 2006 US$ 11.7 billion
Tax Revenue from Foreign-Invested Enterprises 2006 RMB 10.8 billion
Utilization of Foreign Funds Specified in Contracts 2006 US$ 1.46 billion
Number of Foreign-Invested Enterprises 2518
Total Investment from Foreign-Invested Enterprises over the Years US$16.09 billion
Total Foreign Funds Specified in Contracts over the Years US$ 8.96 billion
Total Received Funds US$ 6.6 billion
Number of Enterprises over US$1000 324
Number of Invested Companies 14
Number of R&D Centers 23 (7 non-independent institutions)