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 central bank has cut the amount of cash that banks must set aside as reserves three times this year, releasing 1.75 trillion yuan in liquidity to support the economy.
The central bank will keep liquidity at a reasonably ample level, which can help reduce financing costs, said Sun.
The ceremony included the presence of all the public leaders, except those from the National Assembly, the majority of which are from the opposing party.
The change comes as Amazon.com faces a class action lawsuit alleging that it?encourages third-party sellers to inflate prices to help cover the cost of shipping on Prime-eligible products.
The central government will tighten up management of domestic tourist attractions to ensure orderly control and prevention work for COVID-19, according to a notice released on Monday.
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The city said it will continue to attach great importance to the prevention and control of the epidemic while making coordinated efforts to promote economic and social development.
The city authority said that it is considering connecting violations to residents' personal credit, making it difficult for those who are blacklisted to apply for jobs, loans and public welfare.
The chairman described the pandemic's impact as a public health emergency more critical than the Ebola crisis in 2015.
The city has already established regular science and technology exchange programs with New Zealand, Belarus, Australia and Ukraine, according to the Guangzhou Science Technology and Innovation Commission.