Shanghai Daily news

Shanghai Mayor Han Zheng unveiled the main goals of the year at the annual session of the Shanghai People's Congress, which opened yesterday.

In his government work report, Han said Shanghai's economy is expected to grow by more than nine percent this year, promoting the pace of local financial revenue.

On the environmental protection front, investment will continue to expand by around three percent of the gross domestic product, and energy consumption per unit of the GDP will be reduced by around four percent. As well, it plans to reduce its discharge of major pollutants by two percent.

In addition, the expenditure on research and development should represent 2.6 percent of the GDP; the registered unemployment rate should be controlled to within 4.5 percent; the growth rate of the consumer price index should be controlled within three percent; and the disposable income of each resident either in urban or rural areas should progressively increase.