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SHANGHAI Mayor Yang Xiong said yesterday he is “very confident” about the city’s economic growth and social development prospects over the next five years.
“I am optimistic because Shanghai has sound economic fundamentals and great potential thanks to its reform efforts,” he told a media briefing following the closure of the annual session of the Shanghai People’s Congress, at which the city’s 13th Five-Year Plan (2016-20) was approved.
“Although growth has slowed in recent years, the city has made significant progress in upgrading its industries, raising fiscal income and creating jobs,” he said.
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