The added value of the service industry jumped an annual 8.7 percent, accounting for 69.9 percent of the city's total added value. The service industry continued to grow steadily, with industries such as information services, business services, research and development, and cultural and creative industries leading the pace of growth. Meanwhile, Shanghai pushed forward the restructure and upgrade of traditional industries and eliminated obsolete ones. It cultivated high-end manufacturing industries. More than 200,000 new energy cars were sold.

Consumption, investment and export grew steadily, pushing up economic growth. In 2018, retail sales of social commodities increased an annual 7.9 percent, with sales in areas related to consumption upgrade leading the growth. Sales of home appliances, cosmetics and clothing of lower-end luxury brands jumped 43.7 percent, 13.2 percent and 14.2 percent. Fixed investment rose 5.2 percent in 2018. Led by several heavyweight projects of high-end integrated circuitry and wide-body jet manufacture, the growth of industrial investment hit 17.7 percent. Exports went up 9.7 percent in 2018 and cross-border e-commerce transaction volume soared 16.5 percent.

In terms of ownership structure, the status of the non-public economy steadily rose as the environment for start-up businesses continued to improve. In 2018, the non-public economy realized an added value of 1.69 trillion yuan ($238.33 billion), up 6.5 percent year-on-year and accounting for 51.4 percent of the city's economy.

Fiscal income, corporate profits and residents' income grew accordingly. In 2018, the local government's general public budget revenue hit 710.82 billion yuan, up 7 percent year-on-year, among which non-tax revenue accounted for 11.6 percent. A total of 61.7 percent of revenue growth came from industries such as commerce, finance, leasing and other business services. The contribution of income from the real estate industry dropped to 17.6 percent in 2018 from 20.2 percent in 2015. Enterprises' profits continued to rise. Profits of major industrial enterprises jumped an annual 4.3 percent. The growth of residents' income outpaced that of GDP. Per capita disposable income climbed 8.8 percent year-on-year, a 7.1 percent annual increase after deducting the price factor.