Economy

Shanghai's Pudong sets double-digit GDP growth target

(Xinhua)
Updated: 2010-04-19 11:52
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SHANGHAI - Shanghai's Pudong New district has set a double-digit growth target for gross domestic product in the coming years through 2015.

Pudong, the growth engine of China's financial and economic hub, aimed to expand GDP to 500 billion yuan ($73.2 billion) in 2011 from 400 billion yuan in 2009, the district government said Sunday.

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The district set annual GDP growth target for 2010-15 period at 12 percent after growing 10.5 percent last year amid the global financial crisis.

Pudong celebrated the 20th anniversary of its establishment Sunday when it was launched on the same day 20 years ago as China's pilot program for further opening-up.

Over the past two decades, Pudong's GDP has jumped 67 times while the fiscal revenue has surged 122 times.
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