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China's financial hub Shanghai targets around 5 pct GDP growth for 2024

January 23, 2024


Abstract : China's financial hub Shanghai has set its regional gross domestic product (GDP) growth target at about 5 percent for 2024, according to the annual session of the municipal people's congress on Tuesday.

This photo taken on Nov. 4, 2022 shows an evening view of the Lujiazui area in east China's Shanghai.  (Xinhua/Wang Xiang)

SHANGHAI, Jan. 23 (Xinhua) -- China's financial hub Shanghai has set its regional gross domestic product (GDP) growth target at about 5 percent for 2024, according to the annual session of the municipal people's congress on Tuesday.

Shanghai's GDP reached 4.72 trillion yuan (about 663.7 billion U.S. dollars) in 2023, up 5 percent year on year, the city's mayor Gong Zheng said while delivering a government work report at the ongoing second session of the 16th Shanghai Municipal People's Congress.

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Keyword: Shanghai GDP

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