The building of five new towns in Shanghai's suburbs, deemed key to the city's future social and economic growth, is set to create new business opportunities for both domestic and overseas investors.

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New towns to boost overall growth for Shanghai

( China Daily Global ) 2021-10-27

According to the city's 14th Five-Year Plan and Long-Term Vision for 2035, the five new towns are projected to have a total of 3.6 million permanent residents, up from the current level of 2.5 million. By 2035, each new town will have a population of around one million.

Under the plan, major industrial projects, high-quality public infrastructure, comprehensive transportation hubs, cultural and sports facilities will be built within the next five years.

With different features and unique industrial characteristics, the administrations of the five new towns have already worked out their development plans for the next five years.

For example, new-energy, selfdriving vehicles and intelligent sensors will play a leading role in Jiading, a well-established area for automobile industry development.

Songjiang will build itself in to an innovation hub based on the regional initiative-the Yangtze River Delta G60 Science & Technology Innovation. A host of high quality industries, such as electronic information, integrated circuits, artificial intelligence and smart manufacturing will be developed.

Located close to the Hongqiao international transportation hub, which will be upgraded into Hongqiao International Hub, Qingpu will seek development in modern logistics and exhibition industries. In addition to developing the digital information industry, Qingpu, part of the demonstration zone for Yangtze River Delta integration, will also focus on environmentally friendly development.

Fengxian, which is known for the beauty and cosmetic industry cluster in the Oriental Beauty Valley, will step up efforts to become a worldclass cosmetics and health industrial hub.

Nanhui in Pudong New Area, which covers most of the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone, will develop cutting-edge industries, such as integrated circuits, artificial intelligence and biomedicine.

To attract more leading industries and investors, the administrations of the five new towns will continue to craft new measures and further enhance the regional business environment.

Their updated policies include attracting talents, land planning, tax and fiscal incentives, which will help to boost the interest of global investors, officials said.

MAIL TO DISTRICT CHIEFjiading@jiading.gov.cn

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Shanghai Auto Expo Park

Completed in March 2006 and open to the public free of charge, the Shanghai Auto Expo Park sprawls across an area of 76.67 hectares.

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