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Shanghai Looks to Double Pudong New Area GDP Within Seven Years

The Pudong New Area, the Special Economic Zone set in the heart of Shanghai, is to focus on four particular areas as local authorities look to ensure its GDP exceeds RMB2 trillion within seven years. In 2018, the GDP of the 26-year-old zone topped RMB1 trillion for the first time, a milestone that prompted the Shanghai Municipal Party Committee and the Municipal Government to formulate Several Opinions on Supporting the Pudong New Area’s Further Opening Up and Realisation of High-Quality Development as a blueprint for its future success.

The four priority areas designated by the Opinions are institutional innovation, economic development, administrative governance and green ecosystem implementation. The strategy document also acknowledges the contribution Pudong has made to the Pilot Free Trade Zone and Comprehensive Reform Programmes, as well as its role in the development of the Zhangjiang National Independent Innovation Demonstration Zone.

Source: Shanghai Municipal People’s Government

Content provided by Picture: HKTDC Research
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