Anting town in Shanghai’s Jiading district held a conference recently to reflect on its economic performance of the past year, and announced that its gross industrial output of enterprises above the designated scale was expected to exceed 100 billion yuan?first time ever.

In last year’s first 11 months, the added value in Anting reached 27.08 billion yuan, with a year-on-year growth of 11.5 percent, and added value of the whole year was estimated to be 28.42 billion yuan, up 8.5 percent from 2012.

The industrial output amounted to 94.48 billion yuan in the same period, a year-on-year increase of 15.3 percent, with the whole year's total number estimated at 100 billion yuan at least, for the first time, 12.5 percent higher than the previous year.

In total 12.32 billion yuan of gross fiscal revenue was achieved, with a year-on-year growth of 43.4 percent, with the figure for the entire year reaching 12.5 million yuan hopefully, up 22.4 percent from 2012.

Local financial revenue attained 1.95 billion yuan during the Jan-Nov period, up 22.4 percent, and is expected to be 1.99 billion yuan for the whole year, with a growth of 21.5 percent.

In all 5.73 billion yuan was spent on fixed-asset investment in the first 11 months, and the predicted figure for this year was 6 million yuan.

The overall economic growth in Anting is mainly attributed to the strong growth of automobile parts producers, like Shanghai Volkswagen, whose sales volume in the first 10 months of 2013 equaled the total amount of the last whole year.

From January to November, Shang Volkswagen sold 1.41 million cars, increasing 16.8 percent; its output value amounted to 165.6 billion yuan, growing 16.1 percent. It was predicted to sell 1.56 million cars in 2013, with 175.61 billion yuan of output value.

Edited by Lin Hong and Roger Bradshaw