13% GDP growth for Shanghai

SHANGHAI: Shanghai's gross domestic product (GDP) hit 556 billion yuan ($71 billion) in the first six months of this year, 13 percent more than the corresponding period last year.

Consumer spending and foreign trade were the driving forces behind the robust growth, the Shanghai Municipal Bureau of Statistics (SMBS) said yesterday.

The services sector's GDP share has for the first time in nearly 10 years outweighed the manufacturing sector, according to SMBS figures.