Biz Scene: Local

Shanghai boom

Shanghai's gross domestic product is expected to reach a record 1.2 trillion yuan this year, maintaining a double-digit growth for 16 straight years, Mayor Han Zheng said in a forum. The city's economy swelled 13.4 percent in the first nine months.

Han also said he expected the city's value of trade this year to surpass US$500 billion for the first time.

(China Daily 10/31/2007 page15)