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SHANGHAI’S economy grew 6.9 percent last year, the same as nationally, accelerating from its 6.8 percent growth in the first three quarters, Shanghai Statistics Bureau said yesterday.
The city’s economic output amounted to 2.49 trillion yuan (US$377.7 billion) in 2015, with the service sector producing 67.8 percent of total output, compared with 2014’s 64.8 percent.
“Shanghai delivered a stable economic performance last year with better growth quality,” said the bureau’s chief economist Tang Huihao. “The economic structure has been optimized as the service sector has been playing the role of a major driver.”
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