In 2009, Shanghai raked in 254.03 billion yuan in local revenue, up 7.7 percent from a year ago while the city's fixed investment rose by 9.2 percent to 527.33 billion yuan.

Last year, Shanghai's consumer price index lowered by 0.4 percent from that of 2008 while retail sales of consumer products rose by 14 percent, he said.

On employment, Han said Shanghai had 596,000 new job opportunities in 2009 and would have 500,000 more in 2010.

The city would adopt a more active employment policy this year and continue to stabilize employment, improve professional training and employment assistance, he said.

"Employment of college graduates should be given top priority, as many college graduates are the hope of their entire family," Han said.

He also said the city would improve professional training and employment services for migrant workers.

Han said Shanghai would continue to encourage people to start their own business as another effort to expand employment."Better public services will be provided for people to start their own business," he said.

The city government would also strengthen the oversight over labor protection, to ensure the legitimate interests for all workers, Han said.