Pudong targets 10% economic growth in 2014
Print Edition
Shanghai’s Pudong New Area will support the development of the city’s pilot free trade zone and accelerate the building of key projects in the district as it targets a 10 percent growth in its economy this year.
These targets and an 8 percent gain in fiscal revenue were among Pudong’s priorities in 2014.
The area is expected to spend 3 percent of its economy on research and development this year as it continues to promote innovation-driven economic restructuring, the government said.
“We will go all out to support the operation of the free trade zone while taking advantage of the spillover effect of the zone to boost innovation in Pudong’s finance, shipping and trade sectors,” Sun Jiwei, the new head of the district, said yesterday.
The Pudong government sees the development of the Shanghai pilot FTZ, accelerating the construction of the Lingang area and supporting facilities for the Disney Resort as well as deepening reforms on government functions and administrative process as the top working priorities for this year.
Sun said the Lingang area, designed as a satellite city to support manufacturing, will be turned into a comprehensive area for financial, cultural and emerging industries.
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