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Future Objectives

Issuing Date: 2014-08-05   Author:Editor of site   Source: SHANGHAI BASIC FACTS 2014   Views:


Mid-to Long-Term Development Goals

Facing both opportunities and challenges in the 21st century, Shanghai, according to China’s strategy and requirements, clearly sets its goal to build itself into an international economic, financial, trade and shipping center by 2020, which can match up to the country’s economic development and international status and have a say in resource allocation in global market.  The city will also have built itself into a socialist modern international metropolis with economic prosperity, social harmony and the beautiful environment by then, contributing to the construction of a competitive, world-class city cluster in the Yangtze River Delta region.


Main Targets in the 12th Five-Year Plan Period

The main targets of Shanghai’s economic and social development in the 12th Five-Year Plan period include making significant progress in building the city into the international economic, financial, trade and shipping center and a socialist modern international metropolis; taking the lead in making breakthroughs in remodeling economic development; and improving remarkably citizens’ living quality.  The detailed targets are:

------Improve noticeably the quality and quality and efficiency of economic development;

------Boost the city’s initiative in innovation;

------Improve remarkably the city’s comprehensive services;

------Ameliorate the living standards of urban and rural residents;

------Keep improving the ecological environment;

------Achieve new breakthroughs in carrying out the reform and opening up policy;

------Build a sounder socialist democratic legal system.


Expectations in the 12th Five-Year Plan

------Achieve an average annual GDP growth rate at about 8% through 2015;

------Increase the percentage of the added value of the tertiary industry in the city’s GDP to about 65% by 2015;

------Boost local residents’ consumption rate to 42% by 2015;

------ Increase the percentage of the added value of the non-public sector in the city’s GDP to about 55% by 2015;

------Raise the percentage of expenditure on research and development in the city’s GDP to about 3.3% by 2015;

------Authorize about 600 invention patents per 1 million people by 2015;

------Raise the percentage of service trade value in the total value of the city’s imports and exports to about 25% by 2015;

------Generate 8.7 trillion yuan in retail sales in 2015;

------Control the city’s urban unemployment rate within 4.5% through 2015;

------Raise the average life expectancy of citizens to above 81 years by 2015;

------Cut the city’s energy consumption per unit of GDP by 18% by 2015;

------By 2015, boost investment in the energy-saving and environmental protection sector to 4% to 5% of the city’s GDP;process more than 95% of household waste without harming the environment; treat 85% of urban sewage; and ensure good air quality in about 90% of days in a year.