Wim Wu / Shanghai Daily News

After signing a contract with the Singapore GTRADALA Group, the Baoshan Industrial zone will recieve a 600 million dollars instalment on investments from this well-known Singapore transnational corperation,  as cited in today's Shanghai Morning Post. The report indicates that GTRADALA  will contract to set up R&D facilities and a sales center for automobile fittings and related manufacturing industries in the Baoshan Industrial Zone.
With the entry of GTRADALA,  the development of Baoshan has entered a new stage.  To coordinate this new round of development,  the government of the Baoshan district has adjusted the management system of the Baoshan industrial zone.  It has been said that the future industrial park will mainly include three functioanl zones,  such as  a modern manufacturing zone,  a municipal service zone and a refined steelmaking zone located along the Huang Pu river.