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Last updated at: (Beijing Time) Thursday, December 26, 2002

Shanghai Outlines Long-term Prosperity Blueprint

Shanghai's local planning authorities have revealed that the city's per capita gross domestic product (GDP) will double by 2010, hitting 10,000 US dollars.


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Shanghai's local planning authorities have revealed that the city's per capita gross domestic product (GDP) will double by 2010, hitting 10,000 US dollars.

The fast growth is expected as a direct result of Shanghai's double-digit economic growth in the next decade.

Shanghai will possibly become the first Chinese city to reach such a level in 2010, said an official with the Shanghai Municipal Development Planning Commission, who declined to be named.

Shanghai's per capita GDP is expected to reach 5,000 US dollars this year, according to its set growth rate.

He Qinghua, an official with the commission, said that next March, the municipal government will issue a detailed development blueprint for the following eight year, echoing the city's successful bid to host the 2010 World Expo.

According to the commission, Shanghai is aiming for an annual economic growth rate of 9 to 11 percent during the 10th Five-Year Plan (2001-2005).

Shanghai's economic will "at least" maintain its growth rate inthe period up to 2010, said He, adding that the city has achieved 10 consecutive years of double-digit economic growth.

As well as preparing for the World Expo, the eastern port city is also aiming to build itself into an international economic, trade, finance and shipping center by 2010.


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