SHANGHAI, Jan. 27 -- China's eastern metropolis of Shanghai pledges to further open up its door to let the world share the benefits of its high-quality growth.
While delivering the government work report at the annual session of the municipal legislature, Shanghai mayor Ying Yong promised that the city will strengthen its efforts in reform and opening up, while pursuing high-quality growth in the year 2019.
Shanghai recorded an overall economic growth of 6.6 percent last year, with its GDP per capita exceeding 20,000 U.S. dollars. The city expects to attain a growth rate of 6 percent to 6.5 percent this year.
HEALTHIER ECONOMY
Experts said the GDP per capita is an important indicator of a region's economic wellbeing. The fact that it has exceeded 20,000 U.S. dollars means that Shanghai's growth has reached a higher level.
Quan Heng, deputy head of the Shanghai Academy of Social Sciences, said as China aims to build itself into a moderately prosperous society by 2020, the growth of GDP per capita is a key measurement.
Quan added that besides per capita GDP, other factors such as economic structure, efficiency and technological innovation are also important indicators of development.
According to the government work report, Shanghai has seen the structure, quality and efficiency of its economy continuing to improve last year. The added value of the tertiary sector accounted for 69.9 percent of the GDP. Total research and development expenditures accounted for 4 percent of the city's GDP.
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