Excerpt from: China Supply Chain and Logistics Strategy
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| February 05, 2008 | | The state press reported that the economy grew by 13.3 percent with strong growth in the logistics, finance and telecom sectors. Manufacturing also grew in 2007. | The state press reported that Shanghai’s economy grew by 13.3 percent in 2007, the 16th straight year of double digit growth. In 2006 the economy grew by 12 percent. Shanghai has 17 million people. The fast paced economy hit 1.2 trillion yuan (166.8 billion US dollar). The growth sectors were in logistics, finance and telecoms, which contributed 622.3 billion yuan. There was also a growth of 11.5 percent in manufacturing, 567 billion yuan.. Fixed asset investments such as: roads, factories and other large project also contributed 445 billion yuan. Pan Jianxin, chief of the Shanghai Statistics Bureau stated “We should tackle inflationary pressure and try to reduce pollution and the consumption of energy.” 2007 was a growth year, but with the current markets in 2008 what will happen to the China economy? | | |
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