Shanghai scraps GDP growth target in 2015
Updated: 2015-01-25 20:02
(Xinhua)
|
|||||||||
SHANGHAI -- Shanghai Municipality has abandoned GDP growth targets to emphasize the quality and efficiency of the economy, the mayor said on Sunday.
The city will continue to optimize economic structure and change its growth model from investment-driven to innovation-driven, Yang Xiong revealed in the government work report at the annual meeting of the municipal legislature.
The report showed Shanghai's ambition to become an international center for technological innovation. Research and development expenditure should account for above 3.6 percent of the city's GDP in 2015. Aircraft engines, brain science and artificial intelligence will be the main focus.
- Auctions of official vehicles starts in Beijing
- Icy challenge in freezing temperatures
- Chinese stars join new reality show 'Wonderful Friends'
- Plum blossom seen in E China's Hangzhou
- Wireless charging desk unveiled in Hangzhou
- Music at her fingers
- View from the top of Shanghai's tallest tower
- Ming-era winery preserves ancient taste
Most Viewed
Editor's Picks
Premier Li attends Davos Forum |
Li Na expecting first baby |
Star's marriage is 'bittersweet' news for fans |
Infographic:Chinese IPOs in the US in 2014 |
Tale of two cities |
China's 2014 diplomacy |
Today's Top News
Favorable visa policy to draw talent
China's signal of innovation in Davos
China's coal industry freezes over
China further lowers threshold to attract overseas talent
China disqualifies 300 intangible cultural heritage programs
China restricts government office sizes
Vancouver Boat Show attracts wealthy Chinese buyers
Third panda dies from virus in China
US Weekly
Geared to go |
The place to be |