Shanghai Economy Shows Resilience with 5.4% Growth in 2025

Shanghai's economy continued its steady development and transformation in 2025, with the city's Gross Domestic Product reaching 5.67 trillion yuan (US$790 billion), a 5.4 percent increase compared to the previous year.

High-Tech Manufacturing Takes the Lead

High-tech and "green" industries boosted the city's industrial sector. Certain industries outperformed the average as industrial production rose 5 percent. The shipbuilding and aerospace sector led with 15.8 percent growth.

Despite global economic shifts, Shanghai's total foreign trade grew by 5.6 percent. Exports of electric vehicles, lithium-ion batteries, and solar cells grew 17.4 percent, while strategic industries like chips and AI saw double-digit growth of 15.1 percent and 13.6 percent, respectively.

Digital Life and Shopping Trends

Shanghai residents are increasingly moving their wallets online. While total retail sales reached 1.66 trillion yuan – up 4.6 percent from last year's – online shopping at major retailers jumped by 14.1 percent. Consumers showed a strong interest in upgrading their lifestyles, with sales of office supplies and home appliances leading the way.

Better Pay and Stable Jobs

The economic growth translated into more money in the pockets of residents. The average annual disposable income in Shanghai reached 91,987 yuan, up 4.1 percent.

Income for rural residents grew faster, at 5.4 percent, than for those living in urban areas, hitting a rise of 4 percent. The job market remained stable, with the average surveyed unemployment rate sitting at 4.2 percent.

Investment in the Future

Investment in the city remained strong, particularly in the industrial sector, which saw a 20 percent spike in funding. This massive influx of capital suggests a long-term bet on Shanghai's manufacturing capabilities. However, the real estate market remained cool, with the sales area of new commercial housing dipping by 4.6 percent.