At present, the eyes of 1.4 billion people in China. And even the whole world, is focused on the epidemic prevention and battle against the epidemic in Shanghai. The “economic capital”. As China’s largest city, Shanghai is not only home to 24.9 million people. But also the country’s largest economic, industrial, financial, foreign trade, and shipping center city. How much impact will the epidemic in Shanghai have on China’s economy?
To revitalize Hong Kong from business, and from Hong Kong to revitalize the city. As a city rising in the port, Shanghai is a very important node in the global supply chain. In 2021, the container throughput of Shanghai Port will exceed 47 million TEUs, ranking first in the world for 12 consecutive years. In the same year, the import and export of enterprises in the Yangtze River Delta provinces and cities through the Shanghai port were 8.18 trillion yuan. Accounts for 81.1% of the total import and export value of the port.
Not only the Yangtze River Delta and Shanghai are interdependent. But the national economy is also closely related to Shanghai beyond the imagination of ordinary people. In terms of imports, more than 70% of imported watches, and 60% of imported clothing. About 50% of imported cosmetics, pharmaceuticals, medical equipment, etc., About one-third of imported cars, diamonds, wine, dairy products, etc. Through the Shanghai port to the hands of consumers across the country.
At the same time, Shanghai’s GDP has been ranked first among Chinese cities for decades with a land area of 6,340.5 square kilometers. In 2021, Shanghai’s GDP will reach 4.32 trillion yuan, or 173,600 yuan per capita, which is 1.26 times that of Jiangsu Province and 1.77 times that of Guangdong.
Shanghai is best known to the public for its status as an “international financial center”. In 2021, the total transaction volume of Shanghai’s financial market will exceed 2,500 trillion yuan. The most complete financial factor market and thousands of financial institutions are gathered here. The blood of China’s economic operation is continuously pumped from here.
In this special moment, the importance of Shanghai to us is self-evident. The shutdown of Shanghai will have a huge impact on the import and export of the whole of China. Whether it is for the Yangtze River Delta or the entire Chinese economy. And for the realization of China’s economic growth of 5.5 in 2022. % goals are crucial. Therefore, authorities should seek to avoid further damage to the economy while continuing to take stringent measures, with an emphasis on ensuring overall economic stability.