According to Shanghai municipal statistics bureau, the city’s GDP grew 10.3 percent to 653.07 billion yuan in the first half of 2008, a whisker below the national growth rate of 10.4 percent in the same period, though the stock and property markets are depressed,

Cai Xuchu, the bureau’s chief economist and spokesman, said that the downturn of activities in the property sector weighed down the GDP growth rate by 0.4 percent while the bearish securities market did not made any contributions to Read more…

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economy, increase, Shanghai, statistic, stock