Published on: 2026-04-14
Source: People’s Republic of China in Russian –
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Shanghai, April 14 /Xin Hua/ — In the first two months of 2026, the volume of the processing industry in three leading sectors, namely in the fields of artificial intelligence, integrated circuits, and biomedicine, grew by 13.8% year-on-year, U Wei, the permanent deputy mayor of Shanghai, said at a press conference on Monday.
In Wei, it was noted that during this period, the total volume of retail sales of consumer goods in Shanghai increased by 7.2%, and investments in fixed assets rose by 7.4%. Meanwhile, in the first quarter of 2026, the volume of the city’s foreign trade increased by 21.9%.
In the first two months, the volume in the emerging strategic sector of China grew by 9.9%. In particular, in the sectors of transportation means based on new energy sources, new energy, and new materials, it grew by 47.2%, 18.6%, and 10.2%, respectively.
According to the head of the Shanghai Commerce Committee, Shen Weihua, Shanghai remains one of the most attractive places for foreign investment. Currently, Shanghai hosts 1,091 regional headquarters of transnational corporations and 654 R&D centers with foreign investment participation. -0-
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