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