Shanghai GDP Rises 5.6% to 2.79 Trillion Yuan as AI and Tech Services Accelerate
Updated
Updated · China Daily · Jul 21
Shanghai GDP Rises 5.6% to 2.79 Trillion Yuan as AI and Tech Services Accelerate
3 articles · Updated · China Daily · Jul 21
Summary
2.79 trillion yuan in first-half output put Shanghai's economy up 5.6% from a year earlier, beating both the national pace and the city's 5.0% growth in 2024 and 5.4% in 2025.
9.1% growth in information transmission, software and IT services helped drive that expansion, with officials highlighting strong momentum in AI, integrated-circuit design and platform companies.
196 large AI models had been filed in Shanghai by midyear—nearly one-fifth of the national total—while AI firms with annual sales above 20 million yuan generated 600 billion yuan of industrial value in 2025, up 39.5%.
14.5% growth in Shanghai's three pioneering industries—AI, integrated circuits and biomedicine—was reinforced by roughly 20% gains in both IC and AI manufacturing, while new-energy vehicles jumped 33.9%.
2.2 trillion yuan of added value from the tertiary sector, up 5.9%, underscored how modern services are consolidating their role as Shanghai's main growth engine.