Shanghai posts positive economic growth despite pandemic

SHANGHAI – Shanghai remained economically resilient and robust last year despite the impact of the COVID-19 pandemic, a local official said Wednesday. A city with a population of over 24 million and a large number of foreign visitors, Shanghai had not only effectively controlled the pandemic, but also saw positive growth in its gross domestic product (GDP), consumption, import and export volume and foreign direct investment (FDI) in 2020, Zong Ming, vice-mayor of Shanghai, said at a press briefing. Official statistics show that Shanghai posted a GDP growth of 1.7 percent in 2020, with per capita GDP exceeding $23,000. Its…