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Shanghai Aims for 5% Growth with Global Investment Boost

2/4/2026

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Summary

Story summary

Shanghai targets 5% growth in 2026, following a 5.4% rise last year.
Shanghai Mayor Gong Zheng announced the plans during the annual plenary sessions.
The government will attract foreign investment in advanced manufacturing and green projects.
R&D spending is set at 4.6% of GDP.
Shanghai is developing an offshore financial system and a cross-border yuan payment system toward becoming a leading international metropolis by 2035.

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Story summary

Shanghai targets 5% growth in 2026, following a 5.4% rise last year.
Shanghai Mayor Gong Zheng announced the plans during the annual plenary sessions.
The government will attract foreign investment in advanced manufacturing and green projects.
R&D spending is set at 4.6% of GDP.
Shanghai is developing an offshore financial system and a cross-border yuan payment system toward becoming a leading international metropolis by 2035.