Shanghai is keen to transform itself into a global financial centre on par with New York and London by 2020. Photo: Bloomberg

Shanghai promises more open economy, tax cuts amid expectations of slowest economic growth since 1990

  • City expects GDP to expand at between 6 per cent and 6.5 per cent in 2019
  • Difficulties loom ahead, Mayor Ying Yong tells local congress
Topic |   China economy

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Shanghai is keen to transform itself into a global financial centre on par with New York and London by 2020. Photo: Bloomberg
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