Shanghai urged to focus on traditional industry

Leading business figures warn that the financial hub is losing sight of its manufacturing roots

Leading business figures from Shanghai have warned of the dangers of ignoring the city's traditional manufacturing industries, in favor of more modern sectors, as the city strives to become one of the world's leading finance centers.

Shanghai's traditional industries include foodstuffs, clothing and industrial manufacturing. However, in recent years its development as a financial and services center has become increasingly important.