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Shanghai plans for high-quality development of featured industrial parks

12-01-2023

Shanghai has released a plan to promote the high-quality development of featured industrial parks in the city.

The plan outlines five key actions to achieve its goals by  2026, including strengthening cluster development, boosting innovation, optimizing factor supply, empowering park entities, and innovating policies.

The plan aims to increase the number of featured industrial parks to 60, with a total of 5,500 high-tech enterprises and specialized and innovative small and medium-sized enterprises (SMEs) concentrated in these parks.

It also aims to establish 5 featured industrial parks with a total industrial output value of over 100 billion yuan, and 20 featured industrial parks with a total industrial output value of over 10 billion yuan.

The plan is expected to help Shanghai build a more competitive and innovative industrial landscape.