Shanghai industrial investment up significantly

Shanghai's industrial Investment increased by 17.7 percent in 2018, the greatest growth rate the city has seen during the past decade.

According to the government work report delivered at the annual session of the municipal people's congress on Sunday, the city has been endeavoring to boost its real economy.

Last year, Shanghai recorded around 10 percent growth rate in the output of emerging industries including new energy cars, high-end medical equipment, integrated circuit and biomedicine.

The city started construction of five industrial projects with an Investment of over 10 billion yuan (1.48 billion U. S. dollars) each, and 15 projects with an Investment of over 1 billion yuan each last year.