#Shanghai

  • China speeds up planning future industries for high-quality growth

    -- Although there is yet a clear definition, experts believe that industries of the future share the features of boasting leading-edge technologies and the prospect of explosive growth.

    -- In the coming 15 years, China will implement a number of forward-looking and strategic major national science and technology projects in the frontline fields of artificial intelligence, quantum information, integrated circuits, life and health, brain science, breeding, aerospace science and technology, and deep Earth and ocean exploration.

    -- The development of future industries will accelerate China's transformation to an intelligent economy and the country's evolution to high-quality growth, ushering in the next long boom cycle, experts said

  • China to hold import expo on schedule, committed to further opening-up

    In Shanghai, preparations for the third China International Import Expo (CIIE) are in full swing, as the world's first import-themed national-level expo is only one month away.

    It has been a bumpy year for many global companies as the COVID-19 pandemic hit the world economy. Yet, foreign firms' passion for the upcoming CIIE was not hindered by the pandemic, and the event's business exhibition area will expand to 360,000 square meters from last year's 300,000 square meters to cope with foreign exhibitors' demand, according to Sun Chenghai, vice director of the CIIE Bureau.

  • China’s FDI bullish amidst headwinds

    China has managed to overcome challenges and maintain its appeal to foreign investors in 2020. According to official statistics, foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.2 percent year-on-year to a record high of 999.98 billion yuan in 2020.

    The country’s auto market saw a V-shared turn along with a bounce in investment and export over the last year, said Stephan Wöllenstein, CEO of Volkswagen Group China. In 2020, the company delivered 3.85 million vehicles in China, representing a market share of 19.3 percent, he introduced.

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