Baoshan had a good start in 2017 with its January fiscal revenue up 16.7 percent year on year to 1.5 billion yuan (US$218 million) and local tax income up 15.2 percent to 1.39 billion yuan.
Local enterprises showed more willingness to invest. The district approved 31 business investment projects in January, 10 times more than in the same month of 2016. Investment in industrial projects increased by 961 million yuan.
Direct financing was also on rise in January. Four local companies became publicly listed. Three land plots, totaling 2.93 hectares, were auctioned off with a total income of 5.1 billion yuan.
This year, the Baoshan District government will focus on developing innovation-driven economy, promoting industrial upgrade and revitalizing the real economy.