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Shanghai used a record $22.55 billion of foreign capital last year, up 11.5 percent year-on-year, Gong Zheng, the city's mayor, told a news conference after the municipal people's congress meeting on Sunday.

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Shanghai's gross domestic product (GDP) exceeded the four-trillion-yuan ($630.4 billion) threshold in 2021, local authorities said Thursday.

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The construction plan of an intelligent and connected automobile industry college was officially launched on Jan 14 at Shanghai Apollo Park, which is located in the Shanghai International Automobile City in Jiading district.

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The latest measures announced by the Shanghai municipal government on Thursday to activate the growth and development of market entities showed the metropolis' resolution to guarantee a fair play business environment for its more than 3 million market entities, experts said.

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SKF, a leading bearings manufacturer, signed an agreement with Shanghai's Jiading district on Jan 12 to establish its green intelligent technological project in the district.

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Jiading district's automobile industry companies are benefiting from the Regional Comprehensive Economic Partnership, as the agreement helps lower tariffs for trade of automobile components to reduce production costs.

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The Chinese battery maker SVOLT Energy Technology signed a cooperation agreement with Jiading State-owned Assets Group on Jan 6 to establish its Shanghai research and development center in Jiading district.

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Located in Xuhang Industrial Park in Jiading district, an innovation base for intelligent driving is under construction and will be put into production in July, 2023.

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MAIL TO DISTRICT CHIEFjiading@jiading.gov.cn

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Jiading Fahua Pagoda

The Fahua Pagoda, 40.8 meters tall, is a square, brick-wood structure with seven stories, accessible by ladders.