Shanghai City has achieved the highest rate of growth in its industrial investments in the past decade

SHANGHAI, Jan. 27 (Xinhua) – Shanghai’s industrial investment saw an increase of 17.7 percent in 2018, the biggest rate in the past decade.

According to the government work report presented at the annual session of the People’s Congress of the People’s Assembly on Sunday, the city is seeking to strengthen its real economy.

Last year, Shanghai recorded a growth rate of around 10 percent in the production of emerging industries, including new energy vehicles, advanced medical equipment, integrated circuits and biomedicine.

The city began construction of five industrial projects with investments of more than 10 billion yuan (1.48 billion US dollars) each and 15 projects with investment of more than one billion yuan last year.