Qingpu releases ambitious targets for investment and construction

Qingpu district| January 06, 2025

Shanghai's Qingpu district held a conference for investment attraction and project construction on Jan 2, releasing an integrated implementation plan for investment attraction and services, as well as a series of policies to support investment attraction.

In 2025, Qingpu will focus on three major leading industries: big data, big health, and big commerce and trade. It aims to cultivate and expand three 100 billion yuan-level industrial clusters in modern logistics, new-generation information technology, and high-end intelligent equipment. It will also concentrate efforts on creating three 50 billion yuan-level industrial clusters in fashion consumer goods, new materials, and biomedicine, and it will draft plans to create three 10 billion yuan-level industrial clusters in low-altitude economy, cross-border e-commerce, and exhibition advertising industry.

This year, Qingpu is expected to achieve a 5 percent increase in the total fixed asset investment for the whole society. Focusing on five major sectors: industry, real estate, commerce and trade, research and development, and government investment, it will accelerate the construction of 600 projects, including 331 ongoing projects, 152 new projects, and 117 reserve projects, striving to complete a total project investment of 70 billion yuan (US$9.59 billion) for the year.

At the meeting, ten major targets and tasks for Qingpu's investment attraction in 2025 were proposed, specifically: to introduce 5,000 high-quality enterprises throughout the year, to introduce one manufacturing project with an investment of over 5 billion yuan, to introduce enterprises to occupy an area of 300,000 square meters in industrial buildings, to introduce enterprises to occupy an area of 150,000 square meters in commercial buildings, to introduce contracted foreign investment and actual foreign investment of US$8.6 billion and US$4.5 billion, to introduce one national key laboratory, to introduce eight private equity companies, to introduce seven high-quality agricultural projects, to introduce four high-quality cultural and film projects, and to introduce twenty high-quality digital commerce enterprises.