As the new year begins, Shanghai is fully on track to nurture three major strategic emerging industries, in order to further grow its industrial output value.

Since August 2019, the city’s gross industrial output value has seen a monthly increase year-on-year, with that increase even hitting 6.5% in November. And the city’s industry will gain even more momentum, with the further release of production capacity.

In 2020, Shanghai will expedite the development of three industries: integrated circuits, artificial intelligence (AI), and biomedicine.

The integrated circuit industry will focus on the R&D of core technology and the cultivation of leading enterprises, to continuously optimize the environment for industrial development; in the AI industry, the city will strengthen policy innovation, optimize industrial layout, and open more application scenarios; and in the field of biomedicine, Shanghai will create an industrial cluster for leading enterprises and “hidden champions” of business, to significantly improve the capability of transferring innovation advantages into industrial advantages.

(Lin-gang Special Area of the Shanghai Free Trade Zone)

Industrial carriers are conducive to creating room for industrial development. Within the year of 2020, around 20 special industrial parks will be built across the city, with a land area of three to five square kilometers each, as a sign of Shanghai’s attention to strengthening the key links of industrial chains.

Given that Shanghai’s industrial investment has maintained a double-digit increase for 20 consecutive months, the city will speed up its layout of emerging industrial clusters, where a string of major projects of SOEs (state-owned enterprises), private enterprises, and foreign-funded enterprises are expected to go into operation. More production capacity of the Tesla Shanghai Factory, SAIC Volkswagen’s MEB (Modularen Elektrisch Baukasten, or Modular Electric Toolkit) plant, and ASMC (GTA Semiconductor) will be released.