The GDP of Pudong New Area in East China's Shanghai exceeded 1.53 trillion yuan ($242.75 billion) in 2021, growing by 10 percent year-on-year and setting a new record, according to government statistics released on Feb 17.

Pudong's GDP was more than 40 percent of Shanghai's total GDP, according to official data, which has shown that the area is an anchor that ensures the city's economic growth and stability.

The gross industrial output value above designated size in Pudong exceeded 1.24 trillion yuan, hitting a new record. The output value of automobile manufacturing was 366.7 billion yuan, up 51.1 percent year-on-year, and that of the aeronautics and astronautics sector reported a year-on-year growth of 12.8 percent, reaching 11.1 billion yuan.

The service sector in Pudong also witnessed a sharp growth in 2021, and service businesses above designated size in the area reported a total business income of 1.03 trillion yuan, up 26.5 percent year-on-year. The information service industry achieved a total revenue of 341.1 billion yuan last year, which jumped to the top of Pudong's service industry.

The total retail sales of consumer goods continued to grow rapidly last year, reporting a year-on-year growth of 19.2 percent to 5.65 trillion yuan. Online sales continually expanded during the same period, up 56.1 percent year-on-year, and accounted for 22.2 percent of Pudong's total retail sales of consumer goods.

Pudong's foreign commerce totaled 2.39 trillion yuan in 2021, up 13.9 percent year-on-year, which is the fastest rate of growth in the preceding five years. Foreign investment in biomedicine, big data, asset management, and financial leasing also increased quickly last year, providing additional momentum to Pudong's industrial upgrading.

The GDP of Pudong New Area in East China's Shanghai exceeds 1.53 trillion yuan in 2021, growing by 10 percent year-on-year. [Photo/Sipa]