The chief executive also announced a number of measures to help break the city's political impasse.
The central bank conducted 60 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent and 40 billion yuan of 14-day reverse repos at 2.7 percent.
The city issued detailed regulations for the testing of autonomous vehicles earlier this month. The regulations gave the green light to road tests for self-driving vehicles carrying passengers.
The city has set its GDP target at about 6.5 percent for the next five years, Shanghai Mayor Ying Yong said in the municipal government work report during the ongoing annual session of the Shanghai People's Congress on Tuesday.
The city has also tightened the control of personnel flows. A negative nucleic acid test certificate issued within one day of travel is necessary for those who are required to leave Suifenhe.
The ceremony was held at the Nanzong Confucius Temple, one of the Confucius family temples, gathering officials, representatives from 11 Confucius Institutes worldwide, scholars, students and descendants of Confucius.
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The city's annual GDP has increased more than 400 times in 40 years - from a humble 1.32 billion yuan (3 million) in 1978 to 545.32 billion yuan in 2017.
The city's total online retail sales during the shopping festival reached 255.1 billion yuan, up 23.5 percent year-on-year. Livestreaming has not only prevailed on online platforms but also helped to boost the sales of physical stores. More than 290,000 livestreaming shows were staged during the two-month shopping festival, which translated into at least 950 million views, according to the commission.
The central rural work conference also discussed a document on increasing efforts on major work concerning agriculture, rural areas and rural people to ensure the goal of building a moderately prosperous society in all respects is achieved on time.
The civil aviation industry has paid special attention to epidemic prevention and control and the health of operational staff, and increased the frequency of aircraft cleaning and disinfection, according to the CAAC.