Dong Zhen/ Shanghai Daily news

Shanghai still had a steadily growing economy despite pressures from the global financial crisis, Mayor Han Zheng told a meeting with 58 consuls general and officials in the city yesterday.

Han said that economic data from the first nine months of this year showed that Shanghai still had "a smoothly developing economy."

It is estimated Shanghai's Gross Domestic Product will increase by about 10 percent in the first three quarters, compared with the same period last year.

The mayor said an exact figure would be released this month.

GDP for the first three quarters of last year totaled 859.097 billion yuan (US$125.74 billion).

Shanghai's GDP increased by 10.3 per cent in the first six months of this year.

The Consumer Price Index for the nine-month period showed inflation had slowed from the 7.1 percent through June this year, Han said. The official figures are also imminent.