New technologies including big data, cloud computing, IoT and blockchain have been applied to the development of new digital industries, data resources, digital infrastructure and intelligent terminals.

By 2025, the framework of an international digital city will basically take shape.

Speed up the introduction of high-caliber digital industry cluster projects, attract and foster over 100 leading and high-growth enterprises, and roll out key tasks for innovative digital application scenarios. Eligible benchmark demonstration projects will receive support, not exceeding 20 percent of the project investment or a maximum of 8 million yuan ($1.12 million).

The aforementioned incentives are derived from the Policies and Measures on Strengthening Investment Promotion and Accelerating the Construction of a Modern Industrial System in the New Era.

Source: Shanghai Foreign Investment Guide 2023