China's Tianjin targets 6.5% GDP growth in 2021

TIANJIN - China's Tianjin municipality targets an economic growth of 6.5 percent in 2021, according to the ongoing annual session of the municipal people's congress.

Tianjin aims to increase its fixed assets investment by 8 percent and its total retail sales up by 5 percent in 2021, Liao Guoxun, mayor of Tianjin, said in his government work report delivered Monday.

According to the report, Tianjin also aims to create about 350,000 new jobs, with its urban unemployment rate to stay at about 5.5 percent in 2021.

In 2020, Tianjin recorded a 1.5-percent gross domestic product growth, with fixed assets investment went up by 3 percent year-on-year. The per capita disposable income of residents in Tianjin grew by 3.4 percent, and a total of 371,000 new jobs were created in the city last year.