Tertiary industries lead in tax stakes

The gap between the tertiary and the secondary industry has widened further in the past 12 months, with the former accelerating its development pace.

According to statistics provided by the Shanghai Municipal Bureau of Taxation, the tertiary industry in Shanghai contributed total tax income of 666.56 billion yuan ($101 billion), up 16 percent year-on-year and accounted for about 67.4 percent of the city's total tax income. The secondary industry, on the other hand, grew at a slower pace of 2.6 percent year-on-year to contribute total tax income of 321.84 billion yuan.

Financial companies and institutions accounted for most of the top 100 tertiary industry companies.