Shenzhen expects to achieve its economic growth target of 14 per cent for the year, according to Mayor Li Zibin. Mr Li said Shenzhen had adopted a series of measures to ensure strong momentum for economic growth during the latter half of this year, Xinhua news agency reported yesterday. Among the measures were acceleration of the development of hi-tech industries, increased investment in fixed assets and expandsion of exports, Mr Li said. In the first seven months of this year Shenzhen's GDP rose 14 per cent from a year earlier to 65.91 billion yuan (about HK$61.34 billion). Investments in fixed assets grew 17.8 per cent to 20.6 billion yuan. The city used foreign investments worth US$1.6 billion. Foreign trade rose 1.7 per cent to $24.57 billion. The overall mainland economy grew 7 per cent in the first half of this year. Officials said the economy would grow at 8 per cent for the whole year.