Jiading district in Shanghai, has posted improved fiscal revenues for the first half of the year.
Fiscal revenues of the district rose 10 percent to 51 billion yuan ($8.21bn) compared with the same period in 2014, representing 61.7 percent of the district's estimated annual revenue, ranking third in Shanghai after Pudong and Minhang districts.
The increase in fiscal revenues attributes to the steady growth of the secondary and tertiary industries as well as the optimization of industrial structure in Jiading. The secondary and tertiary industry respectively rose by 16 percent and 9.4 percent, contributing to 44 percent and 53 percent of the district's total revenue growth.
Among all, the service industry generated total fiscal revenues of 2 billion yuan ($336.69 million), up 22.4 percent over the same period in 2014, nine times and more than twice as much as those of the auto and the real estate industries.
The auto industry, affected by the general slowdown in the auto-making field, took in 1.86 billion yuan ($299.64 million), down 4.8 percent over the same period last year.
Benefiting from preferential policies, the real estate sector achieved 4.8 percent increase in fiscal revenues in 2015 H1.
Edited by Mevlut Katik