{
highly
and
Recently, many foreign friends have been concerned about the situation in China and Shanghai, for which we'd like to express our sincere thanks.
In the period of January May, Shanghai saw 2
good tendency in its
and industrial
agricultural
production as well as in its economic relations technical cooperation with foreign countries. Compared
with the corresponding period of last year, the gross
value of industrial output rose by 9.7 percent and
exports in foreign trade by 2.4 percent; 121 projects
of direct foreign investment were approved in Shanghai
absorbing an agreed foreign capital of 240 million
US dollars, an increase of 2.8 times and 66.38
percent respectively; and the total industrial output
value of Shanghai's joint venture enterprises,
cooperative enterprises and wholly foreign-owned
enterprises already in operation registered a
growth of 62 percent.
In early June, a counter-revolutionary rebellion
broke out in Beijing, the capital of our country.
From June 5 to 8, a small number of people in Shanghai
also set road barricades in the urban districts,
intercepted vehicles, punctured vehicle tyres and
burned train cars with the result that urban traffic
was put in paralysis, tens of thousands of employees
and workers could not go to work and return home usual, production dropped and economic losses reached about 300 million yuan; daily necessaries could not be
as
L