The city has also rolled out other supportive policies for the real estate sector, such as launching online trade platforms to help developers generate more revenue and guarantee capital flows.
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 issued temporary licenses for 87 cars belonging to 14 companies for self-driving road tests.
The central bank also stated that the decision to include the yuan is part of a long-term strategy and reflects the increased importance of the Chinese currency in the global financial system.
The city's Office of Homeland Security & Emergency Preparedness released the news on its Twitter feed.
The central bank said it would carry out its duties and strengthen coordination on financial supervision.
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The central parity rate is a weighted average of quotes from dealer banks, and follows a formula based on the previous day's closing rate and changes in a basket of selected currencies.
The city marks a sort of continuum in Sino-German business ties that go back a long way, they said.
The center will direct Muenich-based Siemens' global research activities in autonomous robotics, placing emphases on mechatronic systems, cooperation between humans and machines, and the use of artificial intelligence in robotics control. It will be located in Beijing under a joint venture with China's prestigious Tsinghua University.
The central and western regions of China, as well as the country's free trade zones, witnessed a steady increase of foreign investment through April, with the actual use of foreign capital in the western region up 9.6 percent to 21.2 billion yuan, and that of the free trade zones up 11.8 percent.