Shanghai aims to boost smart manufacturing

In a bid to reinvigorate its manufacturing sector, the Shanghai municipal government announced an action plan on Tuesday to transform and upgrade its physical economy for quality development in the coming three years.

According to the plan, technological upgrade investment in Shanghai will reach 69 billion yuan ($10.96 billion) in 2018, covering intelligent manufacturing, new energy vehicles and intelligent network connected automobiles, civil aviation and new generation information technology.

The plan aims to make Shanghai's manufacturing more intelligent, high-end, concentrated and clustered, service-oriented, premium, and environmentally friendly. By 2020, Shanghai plans to establish 100 demonstration projects in each of the six sectors, and to promote 5,000 sizable technological reform projects.