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szdaily -> News -> 
SHENZHEN SETS 2019 GDP GROWTH TARGET AT 7%
    2019-01-21  08:53    Shenzhen Daily

Zhang Yu

JeniZhang13@163.com

SHENZHEN has set its GDP growth target at around 7 percent for 2019, according to the government work report delivered by Mayor Chen Rugui at the opening meeting of the annual session of the city’s legislature Friday.

Addressing 442 deputies, Chen said the city’s general public budget revenue is expected to grow by about 6.5 percent this year and that inflation will be limited to less than 3 percent.

According to the work report, this year’s target for urban job creation is 80,000 and the urban unemployment rate will be controlled within 3 percent. The city aims to add another 20,000 kindergarten seats and more than 30,000 seats in public primary and middle schools, as well as 3,500 hospital beds and 1,000 beds in nursing homes, and will initiate the construction of 80,000 government-subsidized apartments this year.

Reviewing the government’s work of the past year, Chen said 2018 marked the 40th anniversary of China’s reform and opening up and was a critical year for Shenzhen’s reform and development.

According to the initial estimate, the city’s GDP exceeded 2.4 trillion yuan (US$354.2 billion) last year, with a year-on-year growth of 7.5 percent, becoming one of the five largest economies among Asian cities, following Tokyo, Shanghai, Beijing and Singapore.

Shenzhen’s economy embraced quality development and yielded fruitful results in 2018. The city’s fiscal revenue reached 910.24 billion yuan, an increase of 5.5 percent over the previous year. Local fiscal revenue stood at 353.84 billion yuan, a rise of 6.2 percent year on year, and residents’ per capita disposable income grew by 8.4 percent to reach 57,000 yuan.

Last year, Shenzhen accomplished 40 concrete tasks aimed at enhancing residents’ livelihood, boosting employment and improving education, medical services, the ecological environment and the quality of urban life.

In deploying this year’s work, Chen said 2019 marks the 70th anniversary of the founding of the People’s Republic of China and the 40th anniversary of the founding of Shenzhen.

It is not only a key year for building a moderately prosperous society in all aspects, but also for building Shenzhen into a demonstration area of socialism with Chinese characteristics, according to the government work report.

Standing at a new starting point of development, the city is facing not only a series of new opportunities, such as deepening reform and opening up in a comprehensive way, a new round of reform in the technology industry and the construction of the Guangdong-Hong Kong-Macao Great Bay Area, but also new economic challenges, said Chen.

To achieve the goals for the coming year, a work plan in 10 aspects was specifically outlined in the report, focusing on the construction of the Greater Bay Area and a world-class smart city, further support for innovation development and real economy, and amelioration of the city’s business environment, ecological environment, soft power and the people’s livelihood.

The session will wrap up tomorrow.

(More on P2, 3)

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