Shanghai Free Trade Zone 8 Years on / Policies

Pudong releases new plans on industrial development |  Updated:2021-08-27


An aerial photo taken on Nov 3, 2019, shows a night view of the Lujiazui area in Shanghai. [Photo/IC]

The Pudong New Area of Shanghai released two plans on Aug 26 to promote industrial development and the high-quality development of manufacturing during the 14th Five-Year Plan (2021-25) period.

According to the plans, Pudong will enhance its independent innovation capabilities, strengthen the leading functions of high-end industries such as integrated circuits, biomedicine, and artificial intelligence, as well as promote the construction of core areas of international finance, trade, shipping, scientific and technological innovation centers, and international consumption centers.

As of the end of 2020, Pudong had cultivated 21 companies listed on the Science and Technology Innovation Board, or the STAR Market of the Shanghai Stock Exchange, accounting for 56.76 percent of the city's total. More than 80 percent of the listed companies come from industries such as integrated circuits, biomedicine, and artificial intelligence.

In the first half of this year, the total industrial output value above designated size of Pudong increased 19.1 percent year-on-year to reach 551.33 billion yuan ($85.22 billion).

Pudong will focus on the digital economy and promote the city's digital transformation during the 14th Five-Year Plan (2021-25) period so as to support Shanghai's efforts to achieve greater digital application, a stronger digital technology foundation, a rich digital industry cluster, and a competitive digital ecosystem.

Zhou Jie, deputy director of the Pudong development and reform commission industrial development office, said that a data platform that connects international and domestic data will be built in Pudong.

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