MNI BRIEF:Shanghai Targets Investment Growth And Trade Opening

Shanghai aims to increase total fixed-asset investment by about 5% in 2025, up from 4.8% last year, of which major projects will reach CNY240 billion, a record high, said the city’s Governor Gong Zheng in an article published on the front page of the state-backed Study Times on Monday. 

“We will strive to meet international high-standard economic and trade rules and steadily expand institutional opening-up, and develop diversified markets, especially with Belt and Road nations," Gong added.

Canada’s Nova Scotia faces double pressure after China recently imposed tariffs on seafood, the province’s finance minister recently told MNI. (See MNI INTERVIEW: Trump Risks North American Recession- NS FinMin)