100 industrial projects announced in Shanghai

At least 100 high-level industrial projects will be built in Shanghai in the next few years with the total industrial investment projected to top CNY850 billion during the 14th Five Year Plan period (2021-25), according to a plan released by the municipal government. The development of high-end industries will be the highlight of Shanghai’s advanced manufacturing industry in the coming years, according to the latest plan. Integrated circuits (ICs), biomedicine and artificial intelligence (AI), which are defined as the three “pioneering” industries in Shanghai, shall see their respective scale more than double by the end of 2025. The annual turnover of Shanghai’s IC industry surged 21% year-on-year to CNY207 billion in 2020. The industrial value of the biomedicine industry exceeded CNY600 billion last year while that of AI reached CNY220 billion. Six key industrial clusters of information technology, life sciences, automobiles, high-end equipment, new materials and high-end consumer goods will be formed by 2025, according to the plan. The industrial value of new-type display devices and services is expected to reach CNY70 billion by 2025, while that for smart sensors should reach CNY80 billion. The sales revenue of software and information services should exceed CNY1.5 trillion by the end of 2025. The industrial value of high-end medical devices is expected to be CNY60 billion by 2025. While Shanghai manufactured 238,600 new energy vehicles (NEVs) in 2020, the annual output is expected to exceed 1.2 million units by 2025, helping the industry’s value top CNY350 billion.

While Shanghai’s advanced manufacturing companies used to be followers of the world’s top industry players, they could take the lead globally in the next few years, a goal that prompted the release of the plan, said Shanghai’s Vice Mayor Wu Qing. Shanghai-based manufacturing companies should master more core technologies by 2035 so that “made-in-Shanghai” will become a new tag of the city, he said. Progress will also be made in frontier industries such as next-generation telecommunications, brain-inspired intelligence and deep sea exploration.

Knowledge-intensive services used in production should take up at least two-thirds of the city’s total added value of the services sector by 2025, with general contracting, research and development (R&D), design services and industrial e-commerce making substantial progress. Over 5,000 industry leaders shall be nurtured in the next few years, the plan stated. Lingang Special Area will become a new strategic driver, as it will likely account for at least one-third of Shanghai-based manufacturing industry’s growth by 2025, the China Daily reports.