On January 15, the first meeting of the 16th Shanghai Municipal People's Congress closed. At the subsequent press conference of the Shanghai Municipal People's Government, Shanghai Mayor Gong Zheng said that in the past 2022, Shanghai's economy has stepped out of the A V-shaped rebound.

In 2023, the city's economic growth target is expected to be above 5.5%.

  Why is Shanghai's economic growth target set at more than 5.5% this year?

Gong Zheng explained that there are three main considerations: First, considering the realistic possibility, Shanghai undertakes a series of major national strategic tasks, and the spillover benefits are being released at an accelerated pace.

Last year, Shanghai introduced a large number of policies to stabilize growth and promote development, and the effects of the policies continued to emerge.

Coupled with objective reasons such as the relatively low base last year, there is sufficient support and confidence to achieve this goal.

The second is to take into account the needs of development, hoping to create better conditions for more full employment and more stable prices through reasonable growth in volume, further boost market confidence, and stabilize social expectations.

The third is to consider the balance between the far and the near, so as to better realize the development goals set by the 12th Party Congress of the city and the "14th Five-Year Plan".

(Reporter Chen Jing Kang Yuzhan)

Editor in charge: [Fang Jialiang]