政府新闻
报告显示，上海2023年GDP增速可能超过政府目标5.5个百分点 2024-01-18
Shanghai’s 2023 GDP growth to likely exceed gov’t target of over 5.5%, report shows
Shanghai’s gross domestic product growth for last year will likely exceed the target set by the government in its work report, according to a recent report.
The report, which was released yesterday by the Institute of Economics of the Shanghai Academy of Social Sciences, did not specify the exact growth percentage for the city’s GDP in 2023.
The Shanghai municipal government set its annual GDP growth target at 5.5 percent. Meanwhile, data from the National Bureau of Statistics showed today that the country’s GDP rose 5.2 percent to CNY126 trillion (USD17.68 trillion).
Shanghai’s economy rebounded steadily in various indicators last year, thanks to the recovery from the Covid-19 pandemic, a low base effect, and the introduction of comprehensive policies, the report released on Tuesday noted. The slowdown in global growth, shift in interest rate hikes in the United States, and global supply chain adjustments were at the same time challenges and opportunities for Shanghai.
Consumption and the service industry contributed the most to Shanghai’s economic growth, said Di Junpeng, an associate researcher at the Institute of Economics of the Shanghai Academy of Social Sciences.
But the pressure on Shanghai’s steady economic growth remains strong, as the city is still facing issues related to the confidence of market players in the economic recovery and the pressure to stabilize foreign trade, given the complex and challenging external environment, Di noted.
This year, Shanghai needs to continue working hard on the vitality of market players, key areas for foreign trade and real estate service consumption, its industrial layout, and the implementation of the national strategy, Di pointed out.
In the first 11 months of last year, Shanghai’s foreign trade rose 1.2 percent to CNY3.86 trillion (USD429 billion) from a year earlier. Imports and exports widened 0.8 percent and 1.7 percent, respectively, in the period, with both percentages surpassing the national average.
Source: Yicai Global
