I. Economic growth remains stable, the proportion of the tertiary industry is 70.7%
Preliminary accounting, the city's gross domestic product in the first quarter completed 692.284 billion yuan, calculated on the basis of comparable prices, an increase of 6.8% over the same period of the previous year, the growth rate of 0.1 percentage points higher than the same period of the previous year. Among them, the added value of primary industry was 1.391 billion yuan, down 8.7%; the added value of secondary industry was 20.253 billion yuan, up 5.4%; the added value of tertiary industry was 489.640 billion yuan, up 7.5%. The added value of the tertiary industry accounted for 70.7% of the city's GDP.
From the perspective of major industries, in the first quarter, the added value of industry was 179.994 billion yuan, an increase of 6.0% over the same period of the previous year; the added value of wholesale and retail trade was 100.981 billion yuan, an increase of 5.0%; the added value of transportation, warehousing and postal services was 27.672 billion yuan, an increase of 9.1%; the added value of lodging and catering services was 8.640 billion yuan, an increase of 3.2%; and information transmission, software and information technology services added value of 38.412 billion yuan, an increase of 14.4%; financial sector added value of 139.949 billion yuan, an increase of 11.3%; real estate industry added value of 34.854 billion yuan, down 16.1%.
Second, industrial production rebounded significantly, enterprise efficiency growth momentum
In the first quarter, the city completed above-scale industrial output value of 782.154 billion yuan, an increase of 7.1% over the same period of the previous year, to achieve the highest growth rate in the same period since 2012. By industry, six key industries industrial output value of 533.660 billion yuan, an increase of 10.5%. Among them, the electronic information products manufacturing industry increased by 13.3%, automobile manufacturing industry increased by 18.8%, petrochemical and fine chemical manufacturing industry increased by 3.9%, high-quality steel manufacturing industry increased by 4.6%, complete sets of equipment manufacturing industry increased by 3.0%, and biomedical manufacturing industry decreased by 1.7%. Above-scale industrial product sales rate reached 99.8%. Above-scale industrial export delivery value of 176.977 billion yuan, an increase of 12.1%.
In the first quarter, the city's strategic emerging industries manufacturing output value of 219.372 billion yuan, an increase of 6.5% over the same period last year, the growth rate increased by 4.9 percentage points. Among them, the total output value of new energy vehicles increased by 29.3%, the total output value of new generation information technology increased by 14.8%, the total output value of high-end equipment increased by 4.6%, and the total output value of new materials increased by 3.4%.
January-February, the city's industrial enterprises above designated size main business income of 548.760 billion yuan, an increase of 12.4% over the same period last year, compared to the same period last year for a decline of 7.8%. The city's industrial enterprises above designated size realized a total profit of 46.442 billion yuan, an increase of 40.1%, and the growth rate increased by 36.6 percentage points year-on-year.
Third, consumption growth is steady, with faster growth in online retailing
In the first quarter, the city's total sales of goods amounted to 260.3143 billion yuan, an increase of 11.5% over the same period of the previous year, with the growth rate rising by 3.1 percentage points year-on-year, while total retail sales of consumer goods amounted to 275.037 billion yuan, an increase of 7.8%, with the growth rate rising by 0.7 percentage points.
Divided by industry, in the first quarter, retail sales in wholesale and retail trade amounted to RMB 249.700 billion, up 7.9% over the same period of the previous year; retail sales in accommodation and catering industry amounted to RMB 25.337 billion, up 6.8%. In terms of commodity categories, the retail sales of communication equipment, coal and products, and sports and recreation goods grew faster, by 47.5%, 35.0% and 22.0% respectively.
From the point of view of retail business, in the first quarter, the retail sales of shopless retail sales amounted to 44.688 billion yuan, an increase of 20.4% over the same period of the previous year, and the growth rate increased by 7.3 percentage points year-on-year. Among them, the retail sales of online stores increased by 23.1%, the growth rate increased by 6.5 percentage points, accounting for 13.3% of the total retail sales of consumer goods, the proportion increased by 2.6 percentage points.
Four, fixed-asset investment growth momentum, accelerated growth of private investment
In the first quarter, the city completed fixed-asset investment amounted to 131.590 billion yuan, an increase of 10.5% over the same period last year, the growth rate increased by 2.1 percentage points year-on-year. From the main areas, urban infrastructure investment of 20.603 billion yuan, an increase of 25.7%, the growth rate increased by 10.2 percentage points; real estate development investment of 86.962 billion yuan, an increase of 8.6%, the growth rate fell by 3.7 percentage points; industrial investment of 14.698 billion yuan, a decline of 2.2%, the rate of decline narrowed by 9.1 percentage points. From the industrial point of view, the primary industry investment of 0.24 billion yuan, down 44.0%; secondary industry investment of 14.744 billion yuan, down 2.6%; tertiary industry investment of 116.823 billion yuan, an increase of 12.4%. From the economic main body, the state-owned economy investment of 31.934 billion yuan, an increase of 28.0%; non-state economic investment of 99.656 billion yuan, an increase of 5.9%, of which 55.117 billion yuan of private investment, an increase of 23.8%, the growth rate increased by 22.0 percentage points year-on-year.
Fifth, foreign trade in goods increased significantly, the amount of foreign investment declined
In the first quarter, the city's trade in goods import and export totaled 751.133 billion yuan, an increase of 20.1% over the same period last year, compared to the same period a year earlier for a decline of 4.1%. Among them, imports amounted to 446.211 billion yuan, an increase of 25.3%; exports amounted to 304.922 billion yuan, an increase of 13.2%. By trade mode, general trade import and export 376.765 billion yuan, an increase of 19.3%; processing trade import and export 178.445 billion yuan, an increase of 19.9%.
In the first quarter, the city's foreign direct investment contract amounted to 9.826 billion U.S. dollars, a decline of 51.8% over the same period last year; the actual amount of foreign direct investment in place 3.796 billion U.S. dollars, a decline of 9.5%. Among them, the second industry actually in place amounted to 214 million U.S. dollars, down 18.5%; tertiary industry actually in place amounted to 3.582 billion U.S. dollars, down 8.8%.
Six, consumer prices fell, industrial producer prices rose sharply
In the first quarter, the city's consumer prices rose 2.2% over the same period last year, or 0.8 percentage points lower than the same period last year. From the two major categories, service prices rose 3.2%, down 0.9 percentage points; consumer prices rose 1.4%, down 0.7 percentage points. From the eight categories, health care rose 8.7%, housing rose 3.9%, education, culture and recreation rose 1.3%, clothing rose 1.0%, daily necessities and services rose 1.0%, food, tobacco and alcohol rose 0.7%, transportation and communication fell 0.7%, and other supplies and services rose 2.8%.
In the first quarter, the city's industrial producer factory prices rose 4.3 percent over the same period last year, and industrial producer purchase prices rose 12.8 percent.
Seven, the general public **** budget revenue and expenditure growth is good, money and credit operation is stable
In the first quarter, the city's local general public **** budget revenue of 206.260 billion yuan, an increase of 8.2 percent over the same period last year. Among them, value-added tax (VAT) amounted to 83.374 billion yuan, an increase of 8.7%; corporate income tax (CIT) amounted to 35.032 billion yuan, an increase of 3.3%; and individual income tax (IIT) amounted to 22.202 billion yuan, an increase of 19.5%. The city's local general public **** budget expenditure of 189.896 billion yuan, an increase of 16.3%. Among them, expenditures on social security and employment, healthcare and family planning, and general public ****services grew faster, by 53.0%, 11.3% and 10.6% respectively.
At the end of March, the city's Chinese and foreign-funded financial institutions had a balance of 11.03 trillion yuan in local and foreign currency deposits, an increase of 6.5% over the same period of the previous year; and the balance of Chinese and foreign-funded financial institutions' loans in local and foreign currency amounted to 6.29 trillion yuan, an increase of 12.7%.
VIII, urban and rural residents' income grew steadily, and the employment situation remained stable
According to a sample survey, the city's per capita disposable income in the first quarter was 15,841 yuan, an increase of 8.4% over the same period of the previous year. Among them, wage income of 9,790 yuan, an increase of 5.3%; net operating income of 432 yuan, an increase of 3.6%; net property income of 2,200 yuan, an increase of 10.7%; net transfer income of 3,419 yuan, an increase of 17.2%. Per capita disposable income of urban permanent residents was 16,685 yuan, up 8.4 percent; per capita disposable income of rural permanent residents was 8,630 yuan, up 8.6 percent.
In the first quarter, the city created 167,300 new jobs. By the end of March, the city had 226,000 urban registered unemployed, a decrease of 0.47 million from the same period last year.
On the whole, Shanghai's economy got off to a good start in the first quarter of 2017, realizing the goal of welcoming the city's 11th Party Congress with excellent results. The next step is to resolutely implement the deployment requirements of the CPC Central Committee, the State Council and the Municipal Party Committee and the Municipal Government, emancipate the mind, take the responsibility, dare to be the first, firmly practice the new development concept, deepen the reform and opening up, lead the innovation drive, and constantly enhance the attractiveness, creativity and competitiveness, and accelerate the building of a modern socialist international metropolis.