Shanghai Integrated Circuits Design Industrial Park in Pudong New Area [Photo/Pudong Fabu]
Pudong New Area in Shanghai has focused on developing its industrial economy over the past decade and the district's industrial added value grew from 215.43 billion yuan ($30.38 billion) in 2011 to 367.15 billion yuan in 2021, one of the district's top officials said at a recent news conference.
During the 10 years, Pudong's industrial output value above designated size increased from 925.4 billion yuan to over 1.24 trillion yuan in 2021, increasing from 28.9 percent to 31.5 percent of Shanghai's total.
Wu Qiang, deputy chief of Pudong said that the manufacturing industrial output of the district's strategic emerging industries accounted for 49.7 percent of its total industrial output value above designated size.
Wu added that by 2025, Pudong aims to build five industrial clusters: automobile, equipment, electronic information, biomedicine and artificial intelligence, and each is worth 100 billion yuan or more.
Pudong has established a complete industrial chain of integrated circuits. The industrial scale accounts for nearly 80 percent of Shanghai's total and one-sixth of the country's total.
It is also the birthplace of 15 percent of the country's new drugs and 10 percent of medical devices.
More than 600 key artificial intelligence companies have set up operations in Pudong, forming an innovative ecological system comprised of basic research, innovation and incubation, branding and standard formulation.