Shanghai — a Dream maker for good work and life
Print Edition
SHANGHAI has seen stable growth in its fiscal income, company profit and household income, with a stronger social safety net, better environment and higher quality in economic development:
Fiscal income has managed stable growth. Shanghai’s fiscal income rose better than expected, by 9.1 percent to 664.23 billion yuan last year. Proceeds from the manufacturing and commercial sectors jumped 35.3 percent and 19.2 percent respectively, indicating more contribution by the real economy. Shanghai also witnessed an optimized structure of fiscal income, with non-tax income accounting for 11.7 percent of the total, the lowest in the country.
Companies continued to see a rebound in profit growth. Profits of industrial companies increased 10.5 percent year on year in 2017, bolstered by recoveries in production and its structural adjustment; profit in their core business grew 8.4 percent, higher than the national average. Against the background of fast development of production, profits and taxes among companies, the city’s industrial electricity consumption remained largely the same as the year before, reflecting more efficiency and less dependence on energy consumption.
Household income increased steadily. Disposable income of the city’s residents grew 8.6 percent year on year to 58,988 yuan, with that of urban and rural residents rising 8.5 percent and 9 percent respectively.
Guarantee for people’s well-being was strengthened. The social safety net has seen further improvement, while Shanghai continued to raise subsidies for needy households and the city’s minimum wage. Shanghai made steady progress in providing subsidized housing and in renovating dilapidated districts. It offered another 80,000 units of subsidized housing in 2017 and completed regeneration of 490,000 square meters of dilapidated housing in central districts to benefit 24,000 households. The elderly care system was enhanced. Shanghai established a unified evaluation mechanism to calculate the demand for care among the elderly, and initiated a pilot insurance scheme of long-term care. During the year, Shanghai added 7,088 government-funded beds for senior care. Social services have seen stable improvement. Shanghai released a list of the city’s basic public services in 2017, and made positive progress in comprehensive educational reform. The outline of a “Healthy Shanghai 2030” was inaugurated, and the three-level promotion network of public culture was optimized. The city also had faster construction of public sports facilities.
Ecological environment has seen stable improvement.
Shanghai has forcefully executed the action plan for prevention and treatment of water pollution, and posted river chiefs on all levels of the city, districts as well as communities and towns.
The task to clean up small and medium-sized waterways has been completed, and there were almost no black or odorous creeks in Shanghai.
The average PM2.5 density in Shanghai dropped 13.3 percent from a year ago to 39 micrograms per cubic meter in 2017, and the city has fulfilled the national target in reducing energy consumption in production and reducing emissions of major pollutants.
Shanghai will continue to pursue a stable and healthy economic and social development in 2018, running at the country’s frontier of reform and innovation.
The city will accelerate the construction of “Green Shanghai” and “Beautiful Shanghai” through promoting an integrated urban and rural development to let people obtain fulfillment, happiness and security. Shanghai will raise its profile in building brands of “Shanghai Services, Shanghai Manufacturing, Shanghai Shopping and Shanghai Culture.”
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