Shanghai low­ers GDP growth goal

China Daily European Weekly - - NEWS DIGEST -

Shanghai has low­ered its gross do­mes­tic prod­uct growth tar­get for the next five years while in­creas­ing in­vest­ment in re­search and key new in­dus­tries to achieve sta­ble, healthy and sus­tain­able de­vel­op­ment. The city has set its GDP tar­get at about 6.5 per­cent for the next five years, Shanghai Mayor Ying Yong said in the mu­nic­i­pal gov­ern­ment work re­port dur­ing the on­go­ing an­nual ses­sion of the Shanghai Peo­ple’s Congress on Jan 23. The tar­get is lower than the av­er­age an­nual in­crease of 7.1 per­cent that the city achieved in the past five years. Suc­cesses in deep­ened re­forms in the free trade zone, en­hanced in­no­va­tion and the im­proved qual­ity of eco­nomic de­vel­op­ment were con­sid­ered among the most sig­nif­i­cant achieve­ments dur­ing the pe­riod.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.