Shenzhen Outlines Future Development BlueprintShenzhen, in south China's Guangdong Province, has set a goal of reaching economic development standards in developed countries by 2030.The target was suggested by Zhang Gaoli, secretary of Shenzhen City Committee of the Communist Party of China (CPC), in a report delivered at the city's third CPC congress opened Monday. According to Gao, Shenzhen will achieve an annual growth rate of ten percent in its gross domestic product (GDP) in the next five years. By 2005, the city's GDP will reach 280 billion yuan (about 33. 7 billion US dollars), while added value from the service trade will contribute 53 percent to the city's GDP. High-tech commodities will make up a half of the city's total industrial output value. Disposable income for residents will be 35,000 yuan (about 4, 216 US dollars), per capita living space will be 18 sq m, and the average mortality rate will be 77 years of age. The party secretary said that greater efforts should be made to improve the socialist market, attract more overseas investment, improve economic cooperation with Hong Kong and Taiwan, and promote the development of high-tech industries. The reform and opening-up of the past two decades has turned Shenzhen into a prosperous modern city. Last year, the per capita disposable income of urban residents exceeded 20,000 yuan (2,409 US dollars). More than 20 billion US dollars has been invested in the city. Exports make up one seventh of the country's total. |
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