Shanghai sets GDP target above 5.5% for 2023

Trailblazing move: An employee works on the production line of high-speed train components in Shanghai. The city will continue to pursue high-quality development and further deepen opening-up, making it the pioneer of Chinese-style modernisation. — Reuters

SHANGHAI: Shanghai has set a gross domestic product (GDP) growth target of above 5.5% for 2023 and experts say the fulfillment of this “achievable goal” will support China’s sustainable development in the long term.

Mayor Gong Zheng announced the goal while delivering the municipal government work report at the ongoing first session of the 16th Shanghai Municipal People’s Congress, the city’s legislature.