City to keep taking leading role
By Wang Yanlin |
December 23, 2012, Sunday
|
Print Edition
Print Edition
Shanghai will continue to take a leading national role propelling reform and sustainable development next year, the city's Party Secretary Han Zheng said yesterday.
Priority will be given to economic stabilization, said Han, speaking at the third plenary meeting of the 10th Shanghai Municipal Congress of the Communist Party of China, which concluded yesterday.
The city will strive harder in building itself into a global economic, financial, trade and shipping center, Han said.
"Facing what will likely be a more complicated global economic environment in 2013, Shanghai should be better prepared due to its high exposure to external conditions," said Han.
But he warned that there were challenges ahead. "Reforms in Shanghai have entered a critical phase which sees difficulties harder to crack," Han said.
He demanded party cadres to be more conscious of risks, more practical and more responsible.
Shanghai's gross domestic product expanded 7.4 percent from a year earlier in the first three quarters. It is expected the whole year's growth will settle at around 7.5 percent, lower than the target of 8 percent set at the beginning of 2012.
But the city's economic growth has gained traction since the first quarter, when the rate was 7 percent, picking up to 7.2 percent in the first half.
"Shanghai's economy has managed to reduce reliance on investment, property, highly polluting industries and highly labor-intensive industries," Han said. "It has been driven more by the service sector and consumption."
Han said the contribution of investment is expected to drop below 30 percent in the economic growth this year.
And property is set to contribute less than 5 percent to the city's economic output, he added.
Shanghai has shut down nearly 900 plants that are high polluters and high energy users, Han said. The service sector may account for 60 percent of economic output this year, he added.
Strengthen discipline
The meeting, convened after the 18th CPC National Congress and the Central Economic Work Conference, elaborated on the key tasks for the CPC Shanghai Committee in 2013.
It said the committee should further strengthen discipline among party cadres, forge closer relations with ordinary people and make better use of pilot schemes to accelerate economic growth.
"We should better manage relationships between the market, society and the government," Han said.
"The economy should rely more on the market, the legal system and the necessary administrative means to manage. The broad direction is to give larger roles to the market and society."
The government should dedicate itself to creating a sound growth environment, providing good services and safeguarding social fairness, in a transformation to a service-oriented government, Han said.
Shanghai will continue to attract foreign investment and try to stabilize trade amid possible global uncertainties next year, Han said. The city will also encourage and support local companies to invest overseas.
Foreign direct investment in Shanghai is expected to rise more than 20 percent this year.
Meanwhile, nearly 90 multinational companies have decided to locate their regional headquarters or research and development centers in Shanghai in 2012, joining more than 1000 others, making the city the most attractive place in China for foreign investors.
Priority will be given to economic stabilization, said Han, speaking at the third plenary meeting of the 10th Shanghai Municipal Congress of the Communist Party of China, which concluded yesterday.
The city will strive harder in building itself into a global economic, financial, trade and shipping center, Han said.
"Facing what will likely be a more complicated global economic environment in 2013, Shanghai should be better prepared due to its high exposure to external conditions," said Han.
But he warned that there were challenges ahead. "Reforms in Shanghai have entered a critical phase which sees difficulties harder to crack," Han said.
He demanded party cadres to be more conscious of risks, more practical and more responsible.
Shanghai's gross domestic product expanded 7.4 percent from a year earlier in the first three quarters. It is expected the whole year's growth will settle at around 7.5 percent, lower than the target of 8 percent set at the beginning of 2012.
But the city's economic growth has gained traction since the first quarter, when the rate was 7 percent, picking up to 7.2 percent in the first half.
"Shanghai's economy has managed to reduce reliance on investment, property, highly polluting industries and highly labor-intensive industries," Han said. "It has been driven more by the service sector and consumption."
Han said the contribution of investment is expected to drop below 30 percent in the economic growth this year.
And property is set to contribute less than 5 percent to the city's economic output, he added.
Shanghai has shut down nearly 900 plants that are high polluters and high energy users, Han said. The service sector may account for 60 percent of economic output this year, he added.
Strengthen discipline
The meeting, convened after the 18th CPC National Congress and the Central Economic Work Conference, elaborated on the key tasks for the CPC Shanghai Committee in 2013.
It said the committee should further strengthen discipline among party cadres, forge closer relations with ordinary people and make better use of pilot schemes to accelerate economic growth.
"We should better manage relationships between the market, society and the government," Han said.
"The economy should rely more on the market, the legal system and the necessary administrative means to manage. The broad direction is to give larger roles to the market and society."
The government should dedicate itself to creating a sound growth environment, providing good services and safeguarding social fairness, in a transformation to a service-oriented government, Han said.
Shanghai will continue to attract foreign investment and try to stabilize trade amid possible global uncertainties next year, Han said. The city will also encourage and support local companies to invest overseas.
Foreign direct investment in Shanghai is expected to rise more than 20 percent this year.
Meanwhile, nearly 90 multinational companies have decided to locate their regional headquarters or research and development centers in Shanghai in 2012, joining more than 1000 others, making the city the most attractive place in China for foreign investors.
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