Shanghai Aims for 8% Economic Growth

Shanghai's government has set economic growth goals for 2010 at 8 percent, one percentage point lower than last year.

Han Zheng, mayor of Shanghai, announced Tuesday the target in his government work report.

Han also said that fiscal revenue growth is set at 8 percent, 2 percentage points higher than last year's annual target.

Economic growth in Shanghai was at 8.2 percent in 2009, falling short the annual goal. However, the city government collected more fiscal revenue than expected.