China Financial Daily

Shanghai: New projects started over a hundred million by 1.5 times
Shanghai January to April over a hundred million concentration of large projects launched. May 26, the Shanghai Bureau of Statistics released data show that Shanghai started January to April and a total investment of 1 billion or more items 66, plans a total investment of 39.809 billion yuan, 1-April totaled 6.229 billion investment yuan, an increase of 1.5 times, respectively, 1-fold and 3.2-fold.

Data show that 1-April, total fixed asset investment in Shanghai 125.533 billion yuan, an increase of 4.1 percent, an increase of 2.4 percentage points from the first quarter. The overall trend shows a gradual pick-up in three major areas, ranks first in the urban infrastructure investment in January-April completion of 42.737 billion yuan, up by 13.3%; real estate development investment 23.599 billion yuan, up by 1.8%; and industrial investment to complete 316.75 billion yuan, down 5.9%, decline in the first quarter narrowed 0.4 percentage points.

Shanghai Statistics Bureau said that with the proactive fiscal policy and loose monetary policy appropriate implementation of projects in place in Shanghai fund rapid growth, an increase of investment is always higher than the whole of society.

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