Shanghai failed to meet 5.5% growth target in 2023 : vimarsana.com

Shanghai failed to meet 5.5% growth target in 2023

Shanghai, mainland China’s economic locomotive, failed to achieve its growth target for 2023 amid slumbering exports, which stayed flat even after the country’s reopening after the Covid-19 pandemic, reports the South China Morning Post. The city’s gross domestic product (GDP) expanded 5% to RMB 4.72 trillion ($664.5 billion) last year as the global economy turned out…

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