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Shanghai sets economic and development goals for 2026
Shanghai targets 5% economic growth with R&D at 4.6% of GDP and plans 255 billion yuan infrastructure investment, aiming for global competitiveness by 2035.
- On Feb. 3, Gong Zheng, mayor of Shanghai, announced a 5 percent growth target, 4.6 percent GDP R&D spending, 2 percent consumer price rise, and income growth aligned with economic growth.
- The 15th Five-Year Plan draft outline emphasizes high-quality development, high-level reform, and people-centered urban construction as priorities for Shanghai's economic and social development objectives through 2030.
- A 255 billion yuan infrastructure package this year will fund the south–north corridor construction, the Shanghai-Nantong railway second phase, and the Shanghai section of the Shanghai-Chongqing-Chengdu high-speed railway.
- Looking toward 2035, officials aim for Shanghai as an international center for economy, finance, trade, shipping and scientific and technological innovation, with per capita GDP doubling from 2020 levels.
- To achieve targets, Shanghai will rely on the Shanghai Municipal Government Work Report and the 15th Five-Year Plan , emphasizing reforms and urban modernization.
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44 Articles
Coverage Details
Total News Sources44
Leaning Left9Leaning Right5Center18Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 28%
C 56%
R 16%
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