Shenzhen aims to close to Singapore's GDP in five years

06:59, June 02, 2010      

Email | Print | Subscribe | Comments | Forum 

Shenzhen city wants to equal up its Gross Domestic Product (GDP) to that of Singapore. The Chinese metropolis is expecting in five years, to reach a GDP of 1.5 trillion yuan ($219.63 billion), stated a report by Wang Rong, the city's mayor at a conference Monday.

According to him, the citizens of Shenzhen will be able to enjoy a GDP per capita of $20,000 by 2015, the same level of some developed countries.

Last year, the city's GDP reached 820.1 billion yuan ($120.1 billion), ranking fourth in the Chinese mainland. GDP per capita in the city was $13,581 with the industrial structure optimized.

Since the past five years, the city has won national and international awards as well as attracting foreign capital, improving social welfare and reforming the administrative system.

Wang also pointed out that the competency of the city is a leading one in China now, and that for the next five years, it will take developed countries as example to gradually spread influence internationally.

In addition, plans to strengthen the city's status as an economic center in China, efforts to develop high-tech industries and attract national and international enterprises to invest in Shenzhen as well as developing strategic industries like internet, new energy and bioengineering are all in the surprise box. Minimum wage is also to be adjusted in the coming years.

Wang also stressed that a transparent government and a media playing its full role is crucial to realizing this audacious plan since the city's government suffered in the past due to corrupt leaders that blemished the city's image.

Such plan, said Wang, will be met with the strictest environmental protection level as well as a low-carbon target.

The government also vowed to help curb the housing prices (one of the highest among Chinese cities).
Zhang Yubiao, member of the National People's Congress (NPC), said that the city should change its economic development pattern.

Source: Global Times

(Editor:黄硕)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
  • Forces of the Libyan National Transitional Council (NTC) shoot shells to the fighters loyal to Muammar Gaddafi outside Bani Walid, Libya, Sept. 27, 2011. Bani Walid is still occupied by fighters loyal to Muammar Gaddafi. (Xinhua/Hamza Turkia)
Hot Forum Discussion