Shanghai reports robust growth in IT industry
( 2003-08-03 11:04) (Xinhua)
Shanghai recorded more than 110
billion yuan (US$13.25 billion) in the total output value of the information
technology industry and related service revenue in the first six months of the
year, up 43.8 percent from the same period last year.
The IT industry accomplished 28.54 billion yuan (US$3.44 billion) in added
value from January to June, accounting for 10.1 percent of the municipality's
gross domestic product (GDP), a record high, said the Shanghai Municipal Office
for Information Industry.
The information product manufacturing sector created 86.6 billion yuan
(US$10.43 billion) in total industrial output value in the first six months of
2003, a rise of 47 percent or 14 percent more than the average industrial growth
rate of the city.
Shanghai municipality also raked in 24.2 billion yuan (US$2.92 billion) in
information service revenue in the first half of the year, up 33.2 percent.
Integrated circuits and software parts exports were major powerhouses
spurring development of the city's IT industry. So far, 150 IC projects have
been built or are under construction across the city, with total investment
exceeding US$10 billion.
The city exported nearly US$6 billion worth of information products in the
first six months of the year, accounting for about 30 percent of the city's