Shenzhen has worked another wonder by becoming the first city on the Chinese mainland to have its annual per capita gross domestic product (GDP) surpass US$10,000.

The city recorded a per capita GDP of US$10,628 in 2007, the municipal statistics bureau said at a press conference Tuesday.

According to the World Bank, per capita GDP of US$10,000 is considered as a threshold for an economy to be regarded as "developed."

The city's GDP grew 14.7 percent over 2006 to total 6,765.41 billion yuan (US$939.64 billion) last year, according to statistics released at the conference.

Counting the city's permanent resident population, which stood at 8.6155 million last year, the per capita GDP reached 79,221 yuan, or US$10,628.

"It is a great achievement. So far, no other mainland cities have reported a per capita GDP of US$10,000," said Deng Ping, director general of the bureau.

Beijing recorded a per capita GDP of US$7,700 in the past year while the number for Shanghai was US$8,788.

A random survey of 600 households also indicated that the disposable per capita income of Shenzhen residents rose 10 percent over the previous year to top 24,870.21 yuan last year, according to the bureau.

Meanwhile, the consumer price index in the city increased 4.1 percent compared with 2006. Food prices witnessed the highest growth rate at an average 8.6 percent for the year.

In property sales, the city saw decreasing housing trade deals signed in the past year in contrast to an increasing number of new housing built for sale.

Statistics showed in 2007, more than 8.7645 million square meters of new properties were built, up 3.2 percent over 2006 while 5.5511 square meters were sold, down 30.4 percent.

Deng attributed it to skyrocketing housing prices in 2007, which made housing unfordable for most residents.

Editor: Yan