Shanghai’s GDP reached CNY4.47 trillion last year after surpassing CNY4 trillion the previous year, and the city’s GDP per capita exceeded CNY180,000 in 2022, reaching the level of a moderately developed economy. The disposable income per capita of its residents rose by an average of 5% year-on-year, reaching CNY79,610. Figures from the mid-term evaluation report of Shanghai’s 14th Five Year Plan for National Economic and Social Development and Shanghai’s Outline for the Long-Range Objectives Through 2035 showed that the city’s high-quality development has steadily improved. The report was delivered at a meeting of the Standing Committee of the Shanghai People’s Congress. In the first two and a half years of the 14th Five Year Plan, the 20 major indicators in the outline made good progress, including six having reached the targets ahead of schedule. The comprehensive strength of Shanghai as an international economic center has kept rising with its three leading industries – integrated circuits, biomedicine and artificial intelligence (AI) – reaching CNY1.6 trillion. The city’s industrial strategic emerging industries accounted for 43% of the total output value of all major industries.
With Zhangjiang Pharma Valley as a hub, Shanghai’s biomedical industry is making all-around efforts in research and development (R&D) and the industrialization of innovative drugs, high-end medical devices and new vaccines. One-third of the national-level major new drug development projects are located in Zhangjiang, and Zhangjiang-based domestic enterprises currently have more than 50 international multi-center clinical trial projects of innovative drugs ongoing around the world, according to the Zhangjiang Group.
The report pointed out that Shanghai’s strength as an international center for finance, trade, shipping and sci-tech innovation is also gathering pace. The city’s airports completed cargo and mail throughput of 3.3 million metric tons last year, and the container throughput of Shanghai Port reached 47.3 million TEU, ranking as the world’s first for 13 consecutive years. Shanghai’s metro network reached 887 km, making it the city with the largest urban metro network in the world. Passengers can find bus stops within a 50 meters’ walk from 85% of metro stations. The city has also added 133 small parks and 59 village parks to improve the quality of life, the China Daily reports.
