ChinaVirtuoso

SHANGHAI'S economy grew steadily in October as industrial output, consumer prices and foreign trade all rose.
The city’s foreign trade in October jumped 14.3 percent from a year earlier to 266.08 billion yuan (US$ 40.22 billion), reversing a 5.7 percent drop in the same month last year, according to Shanghai Statistics Bureau.



Imports surged 18 percent to 154.65 billion yuan while exports rose 9.6 percent to 111.43 billion yuan compared to October last year.

Exports of machinery and electronics rose 9.3 percent to 81.67 billion yuan from the same month last year, accounting for 73.3 percent of Shanghai’s total exports in October. Exports of high-tech products grew 7.6 percent to 53.55 billion yuan.

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