Government News

Shanghai Daily News Digest

Pudong to join elite GDP club   2018-03-13

 

 

Pudong has set an ambitious goal of 2018 to join the 1 trillion yuan (US$158 billion) GDP club. The overall fiscal revenue of the new area is set to reach 400 billion yuan this year.

Total fixed asset investment is expected to hit 200 billion yuan during the same period, said Hang Yingwei, director of the Pudong New Area.

Additionally, Pudong eyes more than 2 trillion yuan of foreign trade this year. Its total retail sales of consumer goods are forecast to exceed 4 trillion yuan in 2018, Hang said.

 


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