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City forges ahead with stable development

February 01, 2019

Shanghai remains confident it can achieve an annual GDP growth of between 6 and 6.5 percent but is prepared to tackle challenges ahead, the city’s Mayor Ying Yong told a press conference at the conclusion of the annual plenary session of the Shanghai People’s Congress.

“Shanghai’s economic basics remain positive,” Ying said. “We shall forge ahead with supply-side reform to ensure healthy and stable development.”

Shanghai will concentrate on the three major tasks designated by the central government: Seeing through the expansion of the local free trade zone, the launch of the technology innovation board, and the integrated development of the Yangtze River Delta region.