In 2024, Pudong New Area of Shanghai implemented a series of policies, pushing forward high-quality development and maintaining overall economic stability with progress, though facing multiple challenges.

According to unified GDP calculations, Pudong achieved a regional GDP of 1.77 trillion yuan ($245 billion), up 5.3 percent year-on-year. Among industries, the primary industry declined by 6.2 percent, the secondary industry grew by 2.5 percent, and the tertiary industry increased by 6.3 percent.

Pudong witnessed the acceleration of new entities, with 5,026 high-tech enterprises, 103 big enterprise open innovation centers, and 280 foreign-funded R&D centers. High-tech manufacturing accounted for 26 percent of industrial output value, while high-tech services comprised 51 percent of service revenue. Emerging products like electronic equipment and innovative pharmaceuticals flourished.

Industrially, Pudong's output value surged in sectors such as semiconductors, key equipment, and innovative pharmaceuticals. The integrated circuit industry grew 29.1 percent.

The tertiary industry maintained a high growth rate of 6.3 percent, with finance up 8.8 percent. Key service sectors like information technology, scientific research, transportation, and business services all witnessed robust expansion.

Investment turned more robust, with total fixed asset investment up 5 percent. Notably, urban infrastructure investment soared 22.2 percent.

Consumption patterns evolved, with online and personalized consumption rising. Retail sales declined slightly, but categories like food and jewelry saw significant growth.

Overall, Pudong's economy demonstrated resilience in 2024, leading Shanghai's development. Looking ahead, Pudong aims to deepen reforms, expand opening-up, and advance high-quality development, contributing to Shanghai's international metropolis status.