[Shanghai: local state-owned enterprises achieved 1.44 trillion yuan in business income from January to May up 9.3% over the same period last year)-- Chen Dong, chief economist of the Shanghai State-owned assets Supervision and Administration Commission, said that Shanghai state-owned enterprises have always focused on the real economy, constantly enhance the development energy level and core competitiveness of the manufacturing industry, and speed up the construction of a modern industrial system. Since the beginning of this year, the local state-owned economy in Shanghai has maintained a steady growth trend. From January to May, the operating income of the city's local state-owned enterprises reached 1.44 trillion yuan, an increase of 9.3% over the same period last year. Among them, the total industrial output value of key industrial enterprises in the city's state-owned assets system in Shanghai reached 218.36 billion yuan, an increase of 18.4% over the same period last year.