Pudong estimated 10% GDP growth in 2021

Pudong New Area in East China's Shanghai reported an estimated GDP of 1.45 trillion yuan ($228.3 billion) in 2021, growing by about 10 percent year-on-year, said Hang Yingwei, head of Pudong, at the annual two sessions on Jan 11.

The gross industrial output value above designated size in Pudong totaled more than 1.23 trillion yuan, an increase of over 10 percent from the previous year. The total retail sales of consumer goods continued to grow rapidly last year, reporting a year-on-year growth of more than 15 percent to 5.5 trillion yuan.

In 2021, Pudong's foreign trade totaled 2.3 trillion yuan, an increase of over 10 percent year-on-year, while the amount of paid-in foreign capital saw an increase of more than 10 percent year-on-year.

Pudong's GDP is poised to maintain steady growth this year, and the area is striving to notch a year-on-year GDP growth of 6.5 percent.

Local authorities said that for the next five years, Pudong has set the goal of expanding its economic aggregate to 2 trillion yuan and its per capita GDP and per capita disposable income to more than 300,000 yuan and 100,000 yuan, respectively. Efforts will also be made to continue to enhance the area's cultural soft power.

Pudong New Area in East China's Shanghai reports an estimated GDP of 1.45 trillion yuan in 2021. [Photo/chinadaily.com.cn]