Shanghai's economic role set to expand

Shanghai has seen great progress in the past decade as new growth engines have been nurtured. - China Daily/ANN

SHANGHAI (China Daily/ANN): Shanghai should better connect domestic and international markets in order to improve its high-quality development and facilitate China's deepened round of reform and opening-up, according to the proposed new five-year plan and development goals for 2035 released on Thursday (Dec 10).

Shanghai's proposed 14th Five-Year Plan (2021-25) says high quality will be the highlight of its future economic development through strengthening the city's four major functions－allocating global resources, initiating technological innovation, leading development of high-end industries and opening up as a hub. Those functions were stressed by President Xi Jinping during his visit to Shanghai in November 2019.