Several of China's provincial-level governments are aiming to notch year-on-year gross domestic product (GDP) growth of more than 6 percent this year, lawmakers said as they convened their annual legislative meetings.
Due to the COVID-19 pandemic, Beijing and Shanghai suffered negative economic growth in the first half of 2020 and achieved 1.2 and 1.7 percent GDP growth respectively in the whole year, according to government reports.
Per the reports, the cities' per capita GDP exceeded $23,000, which is equivalent to developed economies at an intermediate level such as Saudi Arabia and the Czech Republic.
Beijing aims to maintain its consumer price index increase within 3 percent compared to the prior year, while Shanghai set a target of 2.5 percent, according to the reports.
South China's Guangdong Province is targeting economic growth of more than 6 percent this year, Governor Ma Xingrui said Sunday.
The province recorded 2.3-percent GDP growth in 2020 to exceed 11 trillion yuan (about $1.7 trillion), Ma said while delivering a government work report at the annual session of the provincial legislature.
Its GDP volume has continued to lead China's provincial-level regions, Ma added.
China's southern island province of Hainan said on Sunday that its economic growth would be no less than 10 percent in 2021, as compared to about 6.5 percent for 2020.
Last June, China released a master plan for the Hainan free port that aims to build the island province into a globally influential duty-free trading center by the middle of the century.
Central China's Hubei Province, once hit hard by the COVID-19 epidemic, set its GDP growth target at more than 10 percent in 2021, Governor Wang Xiaodong said Sunday.
The province's GDP in 2020 recovered to over 95 percent of the previous year's level, Wang added.
(Source: CGTN)
Comment