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Shanghai’s Social and Economic Development in 2009 and Prospects in 2010 Dr. Sha Hailin Deputy Secretary General of Shanghai Municipal Government Chairman of Shanghai Municipal Commission of Commerce I. Shanghai’s Social and Economic Development in 2009 1. Economic performance is better than estimated 3.1% 8.7% 10.9% 11.3% Q1 Q2 Q3 Q4 GDP reached RMB 1.49 trillion, 8.2% higher than 2008. The GDP of the service sector reached RMB 884.7 billion, accounting for 59.4% of the total GDP and up 3.4 points from the previous year. Total Industrial Output Total profit Local tax revenue 2.3873 trillion 140.5 billion 254 billion 517.2 billion 7.7% 14% 3.2% 43.8% The urban and suburban disposable income per head reached RMB 28,838 and RMB 12,324 respectively, 8.1% and 8.2% higher than 2008. Retail volume New jobs 600 thousand Unemployment rate 4.3% 2.Economic restructuring is moving forward Accelerate the process of achieving international financial and shipping center Grow modern services and advanced manufacturing industries Merge Nanhui into Pudong New District Establish Hongqiao Business District Strengthen R&D investment Apply technological upgrade Promote energy saving and emission control 3. Urban infrastructure and services keep improving Metro: 355 KM China Pavilion Container throughput: 25 million TEUs 4. Foreign trade and investment achieve stable growth The grow rate of import & export recovered from -29.6% in January to 35.35% in December. The total import and export reached 277.7 billion USD, down 13.8%. Paid-in FDI totaled 10.5 billion USD, marking a new historical record. Contracted FDI totaled 13.3 billion USD. 79 new corporate regional headquarters, investment companies and R&D centers were established. Overseas investment increased by 117%. The total volume of project contracting and labor export amounted to 12.4 billion USD, up 12.2 %. The total revenue reached 7.34 billion USD , 31.8% higher than the previous year. II. 2010 Prospects for Shanghai’s Social and Economic Development 1. Fully committed to World Expo 2010 Shanghai A. Make good preparations for the expo B. Finish World Expo 600-day Action Plan C. Ensure security and safety D. Improve services to the expo E. Promote trade and investment 2. Change the patterns of economic growth 1 2 Optimize and upgrade industrial structure based on modern service industries. Optimize and adjust industrial structure based on high-tech industries. 3. Continue to implement open policies A. Optimize foreign trade structure B. Attract FDI and improve FDI structure C. Encourage capable companies to go global D. Expand trade links with HK, Macao and Taiwan 4. Continue to streamline government functions Higher administrative efficiency More transparent Lower charges Thank You
