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Shangai : Office Snapshot - 1Q 2013

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Shangai : Office Snapshot - 1Q 2013

Although Shanghai’s Gross Domestic Product (GDP) has slowed, the city still remains attractive to multinational corporations (MNCs). In 2012 Shanghai’s GDP saw a 7.5% year-on-year growth to RMB2.01 trillion – 3 basis points less than the national average – and represents the first time in years that Shanghai’s GDP has fallen below the 8.0% benchmark growth rate. Meanwhile, reflecting the city’s economic transformation towards the service sector, Shanghai’s tertiary sector contributed 60.0% to GDP, posting a strong growth of 10.6%.

Source : Cushman & Wakefield

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