Pudong introduces plans to enhance business environment

Shanghai's Pudong New Area unveiled a series of initiatives aimed at elevating the district's business environment and spurring economic growth at the 2025 Pioneer Area Investment and Development Promotion & Business Environment Enhancement Conference held on Feb 6. Themed "Shape a Future of Mutual Success in Pudong," the conference revealed Pudong's plan to surpass Shanghai's average annual economic growth rate and sustain it above 5 percent throughout 2025.

To achieve this goal, the district plans to inject 169.2 billion yuan ($23.2 billion) into major construction projects annually, while also attracting a total investment of 298 billion yuan for new ventures.

Shanghai's overarching strategy to enhance the business environment extends its support to Pudong New Area and Lin-gang Special Area, empowering them to spearhead reforms in this domain. Pudong, in response, outlined 10 pivotal actions aimed at establishing a comprehensive demonstration zone for high-quality development and business environment enhancement. These actions encompass initiatives to invigorate consumer activity, nurture innovative productivity forces, and empower enterprises at every stage of their growth trajectory.

Moreover, the Pudong New Area Science and Technology Commission introduced five key initiatives for investment promotion services, detailing a comprehensive set of 17 measures. These measures include the implementation of industrial ecological aggregation and the provision of quality-focused enterprise services, with the aim of catalyzing a fresh wave of investment attraction and capital inflow.

The conference witnessed the signing of agreements between 19 companies and units, focusing on high-quality development, investment promotion services, and business environment objectives. Notably, 33 projects were inked in Pudong, comprising seven pivotal industrial projects involving industry leaders such as AgiBot and Zeiss, as well as urban renewal and infrastructure projects amounting to a total investment of 125.4 billion yuan.

Furthermore, the launch of the 2025 "Pudong Investment Promotion Year" signals a renewed commitment to bolstering investment initiatives and fortifying the region's economic landscape.

Li Junfeng contributed to this story.