Economics

The Shanghai Breakfast Popularity Project, which has successfully completed the first round of the "three-year action plan," how to deepen the cultivation of existing stores and further integrate into the "seven things to open the door" of the people while addressing blind spots? On August 25th, at the "Government Open Month" event held by the Shanghai Municipal Commission of Commerce, the Shanghai Municipal Commission of Commerce invited the branch secretaries and secretary-general of the Shanghai Federation of Commerce and related industry associations to visit the Da Fu Gui Lu Ban Road store located in Wuliqiao Street, Huangpu District. Together with representatives of community residents who were dining, they offered suggestions and suggestions on how the breakfast project demonstration site can better serve community residents. The century old brand Da Fu Gui was one of the first participating enterprises in the breakfast project, and was the first to build a central kitchen with unified procurement and distribution in Fengxian District, Shanghai. Since 2020, Shanghai has launched a new round of breakfast projects, showcasing the unique characteristics of Da Fu Gui

To promote sustainable urban renewal, Shanghai is introducing new mechanisms to maximize regional value. Jiefang Daily's Shangguan News reporter learned today from the Shanghai Urban Renewal Sustainable Development Forum held by the Shanghai Municipal Planning and Resources Bureau that 10 renewal units in Shanghai are piloting the "three teacher joint creation" mechanism of responsible planners, responsible architects, and responsible assessors. The "Three Teachers Joint Creation" mechanism aims to explore and solve the pain points and bottlenecks faced in the process of urban renewal, such as difficulties in fund balance and functional improvement. Moreover, traditional urban renewal projects are more focused on land parcel renewal itself, with limited consideration for functional connections and public space linkage in surrounding areas, and weak overall and systematic planning at the regional level. The relevant person in charge of the Shanghai Municipal Planning and Resources Bureau introduced the urban renewal project of introducing the "Three Teachers Joint Creation" mechanism

The reporter learned from China Eastern Airlines that from September 28, 2023, China Eastern Airlines will open a new "Shanghai Istanbul" non-stop flight route, which is the first time that a Chinese airline has opened this route between China and Türkiye. Istanbul is located on both sides of the Bosphorus Strait, which divides Asia and Europe, and is the only city in the world that spans two continents. China Eastern Airlines' "Shanghai Istanbul" round-trip flight number is MU703/704, and three flights are carried out every week: the departure time is 1:30 a.m. Beijing time on Tuesday, Thursday and Saturday from Shanghai Pudong International Airport, and the arrival time is 8:30 a.m. local time at Türkiye's Istanbul Airport; The return journey will depart from Istanbul Airport at 2:00 pm local time on Tuesday, Thursday, and Saturday, and arrive in Pudong, Shanghai at 5:30 pm Beijing time the next day

On the morning of August 25th, the Zhujiajiao Fire Rescue Station in Qingpu District, Shanghai welcomed a special group of guests, who were members of the fire rescue teams in Wujiang District, Suzhou City, Jiangsu Province and Jiashan County, Jiaxing City, Zhejiang Province. Under the scorching sun, the fire rescue teams in the three areas conducted drills on various skills such as pulling ladders to rescue people, breaking down anti-theft doors to rescue people, and dealing with dangerous goods leaks, demonstrating the excellent professional qualities of young firefighters. This is the exhibition site of the first Yangtze River Delta Ecological Green Integration Development Demonstration Zone Fire Rescue Team Business Skills Competition. This event is guided and promoted by the Federation of Trade Unions of the Three Provinces and One City in the Yangtze River Delta, and led by the Qingpu District Federation of Trade Unions, in collaboration with the Federation of Trade Unions of Wujiang District and Jiashan County, as well as the fire departments of the three regions. Zeng Yangcheng, Deputy Team Leader of Zhujiajiao Fire Rescue Station in Qingpu District, participated in this competition. He introduced that in the past few years,

Recently, Asia Tech Daily selected three noteworthy Asian fintech events: the Shanghai Bund Conference, Hong Kong Fintech Week, and Singapore Fintech Festival. This media believes that the three major conferences are not only windows to showcase the financial technology capabilities of the Asian region, but also promote knowledge exchange, communication networks, and collaborative innovation. The Hong Kong Financial Technology Week is renowned for its extensive ecosystem, the Singapore Financial Technology Festival is renowned for its grand scale, and the Shanghai Bund Conference is highly anticipated for its forward-looking topics and technological prowess. These three distinctive conferences will be held intensively from September to November, becoming a business card and stage for these three major cities to showcase their strength. In recent years, Hong Kong, Singapore, and Shanghai have been fiercely competing as Asian financial centers, as evidenced by the competition in hosting technology conferences. According to the March release this year

Recently, under the guidance of the Shanghai Municipal Administration of Communications, more than 20 standard drafting units, led by Shanghai Mobile and China Academy of Information and Communications Technology, jointly participated in the compilation of the "5G Network Planning, Construction and Acceptance Requirements for Supporting High level Autonomous Driving" and "5G Network Performance Requirements for Supporting High level Autonomous Driving" group standards, which were officially released and implemented. This is the first 5G network performance and construction acceptance standard in China to support high-level autonomous driving, filling the gap in corresponding standards at home and abroad, and laying a solid standard foundation for the innovative application and industrial development of intelligent connected vehicles in Shanghai. The Shanghai Municipal Administration of Communications stated that the release of the group logo is not only the end point of the two standards, but also the starting point of the standardization of 5G vehicle networking. At present, the Lingang New Area's Intelligent Connected Vehicle Innovation Leading Zone has been clearly defined based on

Thanks to its diverse urban character and century old business civilization, Shanghai has attracted 90% of the world's internationally renowned high-end brands to settle in, with many brands choosing to set up their headquarters in China or the Asia Pacific region here. "Shanghai has become a brand highland with domestic and international influence," concluded Zhou Lan, Deputy Director of the Shanghai Municipal Commission of Commerce, at the "Brand Ecological Prosperity Theme Forum" recently hosted by the School of Management of Fudan University. In recent years, Shanghai has steadily promoted the construction of an international consumer center city. One is to vigorously develop the first launch economy, create a global first launch location for new products, and take advantage of opportunities such as the May 5th Shopping Festival to create online and offline platforms for new product launches; The second is to accelerate the gathering of international brands, utilize the spillover effects of the CIIE, create a 6+365 day platform, play a role in year-round display and sales, and promote internationally renowned products

Under the influence of favorable policies such as the halving of stamp duty on securities trading, phased tightening of IPOs, standardized reduction of holdings, and reduction of margin ratio for financing and financing, all three major A-share indexes opened higher than 5% on August 28th, but gradually fell and rebounded in the end of the day. As of the close of the day, the Shanghai Composite Index rose 1.13% to 3098.64 points; The Shenzhen Composite Index rose 1.01% to close at 10233.15 points; The ChiNext Index rose 0.96% to 2060.04 points. The market transaction volume has significantly increased, exceeding 1.1 trillion yuan. According to Wind data, a total of 3614 stocks in the two markets rose and 1505 fell on the same day, with 128 stocks remaining flat. In terms of sectors, real estate, coal, securities firms, and others ranked among the top performers. Industry insiders analyze that the current size of the A-share market is no longer comparable to 15 years ago

The 2023 Bund Conference will open next Thursday. On August 28th, the organizing committee of the Bund Conference announced in advance that the five highlights of this conference include artificial intelligence and big models, innovative industry practices, cultural characteristics, data technology, and exhibitions and markets. It is understood that the conference will have the theme of "Technology · Creating a Sustainable Future" and will include one main forum, 36 insights forums, an 8000 square meter technology exhibition, a 3000 square meter green market, and a "City of Tomorrow" digital space exhibition area. In addition to the main forum on "Technology, How to Create a Sustainable Future", the conference also designed three insights forums: "Technological Innovation and Future Insights", "Digital Technology Revitalizes Industry", and "Sustainable Development". Dozens of academicians from the Chinese Academy of Sciences and the Chinese Academy of Sciences, Nobel laureates, economists, as well as those from Bangladesh, Malaysia, and Nepal

As an important part of people's livelihood, the demand for affordable rental housing is growing day by day, and it has become an effective means and important way to alleviate the pressure of urban living. This year, the supply of affordable rental housing in Shanghai has accelerated. Today, Putuo's first rental housing project built on pure rental land has entered the market, with 1352 units available to meet the needs of different groups. A bird's-eye view of the public space in the rental community of Putuo's first R4 plot of guaranteed rental housing. The project is called Western Lechao · Zhonglan Ju, invested and newly built by Shanghai Western Enterprise Co., Ltd. It covers an area of approximately 28000 square meters and consists of 5 residential buildings with 14 to 19 floors, equipped with 628 parking spaces, which can meet the personalized rental needs of different groups such as single youth, white-collar workers, and young couples. In the supply pattern of guaranteed rental housing in Shanghai, many projects have taken out prime locations

The construction of Shanghai's five new cities has made significant progress. The reporter from Jiefang Daily's Shangguan News learned today from the Shanghai Municipal Planning and Resources Bureau that the preparation of the start-up section plan for the five new city green environmental special plans approved in January this year has been completed and has entered comprehensive construction and implementation. It is expected that some construction projects will show certain results by the end of September; Before and after the Spring Festival, the green ring initiative achieved basic construction results. The beauty of ecology originates from nature. How can new cities introduce nature and integrate with it? The initiation section planning provides an exploration path. According to the plan, the maximum protection of ecological background is achieved by afforestation of approximately 2 square kilometers per year in each new city's green ring, with the main ring greenway running for more than 10 kilometers and the water environment within the main vein running for no less than 10 kilometers. By 2025, the green ring system of five new cities will be preliminarily constructed, and the main arteries will be basically connected along the entire line, which is important

In order to deeply publicize the tourism brand and resources of the G219 Xizang section, further deepen cultural and tourism exchanges and cooperation between Shanghai and Xizang, and expand the achievements of Tibet assistance, a series of promotional activities of China's G219 Tibet section tourism were held recently in Shanghai. The G219 Xizang section is blessed with unique natural conditions. It spans Linzhi, Shannan, Shigatse, Ali and other regions, and passes through snow mountains, grasslands, lakes, canyons, plateaus and other different landscapes. The natural landscape types are all inclusive and colorful, with rich cultural history and ethnic customs. It is a world-class landscape avenue. The G219, with a total length of 10065 kilometers, is a rare world-class scenic avenue in the world. From an altitude of 100 meters to 5378 meters, crossing the grasslands and deserts from snow capped mountains to the adventure of tropical rainforests, from the Tuva, Kazakh, Tibetan, Dai to Zhuang ethnic groups

Years ago, when people wore big brands, they often intentionally or unintentionally revealed their labels. However, this kind of "showing off" has now been replaced by another trend - those 90s and 00s who wear trendy shoes always like to keep a luminous fragrance anti-counterfeiting buckle on their shoes. This special "accessory" is the "genuine seal" of the products sold by the Shanghai trendy online shopping community's Dewu App. Under this guarantee, the purchasing power of users of the Dewu App is more than 5 times higher than that of other consumer e-commerce platforms. In addition to supporting the fashion consumption industry in Shanghai with high-quality inspection and testing services, supply chain services and scientific services are also unique in the fields of manufacturing, industry, academia, and research in Shanghai. These services all revolve around production and manufacturing, known as the "productive service industry". Recently, in the opinions of the Shanghai Municipal Party Committee on deepening high-level reform and opening up and promoting high-quality development, it is particularly emphasized that

In the contemporary art group exhibition held until the end of August this year at the Yangyun Anman Hotel in Minhang District, there are two unique artworks worth $85000 from the United States. Thanks to the bonded display and trading model of Hongqiao Pinhui, these two high-end art exhibits were successfully presented to the audience in a bonded manner. This is the first time that Hongqiao Pinhui has made an attempt in the bonded display of daily artworks after leading the way to the exhibition of artworks at the CIIE. Art exhibitions usually have a short exhibition period, but the value of the goods is high. If these artworks are imported through traditional customs, tariffs and import taxes are high and must be paid in advance. The curator also has to bear higher costs. Bonded exhibition transactions have the advantages of flexible display methods, low operating costs, and low risks. As the main platform to undertake the spillover effects of the CIIE, Hongqiao Pinhui has repeatedly imported precious stones and gemstones

A batch of containers loaded with SAIC Maxus new energy vehicles departed from Wuxi West Station Railway Freight Yard on the sea rail intermodal train and arrived at Shanghai Luchao Port Container Center Station in the early morning of August 30th. They then boarded the ocean going cargo ship Changwang, which was already anchored at Yangshan Port, and were about to depart for the Americas. This batch of goods is the first batch of exported new energy vehicles to be transported to the port by domestic railway in Yangshan Customs District. Yangshan Customs actively connects with multiple units such as enterprises and container center stations, prepares contingency plans in advance, cooperates with enterprises to complete dangerous goods customs declaration, and ensures that the goods are loaded and shipped out as soon as they arrive at the port. SAIC Maxus new energy vehicles have been loaded onto a sea rail intermodal freight train at Wuxi West Station Railway Yard in Jiangsu Province and arrived at Shanghai Luchao Port Container Center Station. This marks that after the river sea intermodal transportation, Shanghai Port has once again opened up the rapid export of sea rail intermodal new energy vehicles

Among the five regional companies of Brother Group at the age of 115, Brother is considered the least experienced, but it is often envied by other established regional companies due to its growth speed and innovative temperament. At the beginning of the Japanese Brothers Group's entry into China in 1989, China was only its processing and manufacturing base. But today, 34 years later, China has become the only overseas market for the group to integrate production, research, and sales. The brothers have also broken the conventions of Japanese companies twice, producing two non Japanese chairmen for overseas regional companies. What growth code do brothers have? Brother Chairman and President Zhang Yan. Zhang Yan, a Chinese foreign enterprise, never expected to follow her brothers for 20 years, let alone sit in the position of chairman and CEO. Zhang Yan's booth at the Brother Import Expo in 2022. In 2003, Zhang Yan and her brother returned from studying abroad in Japan

The first true row of street trees in Shanghai appeared in December 1865, planted on the Bund. Over 150 years later, over 1.3 million street trees have become an important component of the urban ecological environment in Shanghai. But roadside trees can also bring "sweet troubles", as they can have an impact on people's daily lives and even the safety of cities due to factors such as birth, aging, illness, and death. For example, if it grows too fast or too well, it blocks the lighting of road signs, street lights, and residents along the street, or if it is blown down or broken during a typhoon. In July this year, Typhoon No. 5, Dussuri, caused significant wind and rain impacts on Shanghai, with some roadside trees falling or breaking. Last year's 12th typhoon "Meihua" caused 872 residential trees and 2265 roadside trees to collapse or break. Fallen trees with clear hollow trunks

On the morning of August 29th, the third 220kV power supply line project of Shanghai Petrochemical was completed and put into operation, and successfully integrated into the Shanghai power grid. At this point, the power connection line between Shanghai Petrochemical and Shanghai Power Grid has increased from two circuits to three circuits, and the power received has increased from 290 MW to 520 MW, providing strong power guarantee for the company's safe and stable production and sustainable development. The project includes the construction of approximately 22 kilometers of 220 kV overhead power lines between the 500 kV Tingwei Substation and the Second Thermal Power Station, as well as 83 power towers. It is understood that the company has been constructing its own power plant since its establishment in the 1970s, and has successively established the first and second 220kV power supply interconnection lines with the Shanghai power grid, namely Yangshi 2110 and Yangjin 2119, which are connected to the Shanghai power grid through the Shanghai power grid line

The impact of a series of favorable policies on A-shares is still ongoing. On August 29th, the three major A-share indexes collectively rose, with the Shanghai Composite Index rising 1.2% to close at 3135.89 points; The Shenzhen Composite Index rose 2.17% to close at 10454.98 points; The ChiNext Index rose 2.82% to close at 2118.19 points. It is worth mentioning that the Science and Technology Innovation Board has performed well, with the Science and Technology Innovation 50 Index rising by over 4%. The market transaction volume once again exceeded one trillion yuan, reaching 1037.1 billion yuan. According to Wind statistics, a total of 4734 stocks in the two markets rose, 453 fell, and 62 remained flat. The industry sector is showing a general upward trend, with the automotive sector ranking among the top performers. The effects of combination policies are gradually becoming apparent. On August 28th, several listed companies announced the early termination of their reduction plans. Meanwhile, market transaction volume

A Japanese restaurant with an average consumption of nearly 600 yuan per person was recently complained by consumers on a certain review website, suspecting that acute gastroenteritis was caused by consuming the food provided by the restaurant. Ms. Zhang, a consumer, revealed on Xiaohongshu that on August 27th, she went to Shanghai Rongxin Hall No.3 restaurant with three friends and one child to have a meal. Four adults vomited and had diarrhea, and the children were temporarily asymptomatic because they did not eat raw food. Miss Zhang said that one of her friends was even so serious that she was admitted to the emergency room. She gathered consumers with the same symptoms on a certain review website and formed a group. Currently, more than 40 consumers in the group have reported experiencing the same symptoms, and many of them also dined on August 27th. She also stated that after receiving a complaint from a friend, she received a message from the store discussing compensation, but such an accident is not just about compensation

The summer season is coming to an end. Recently, the Yangtze River Delta Railway has added dozens of direct trains from Beijing, Changsha, Chongqing and other areas, as well as trains from Shanghai to northern Jiangsu, from Zhejiang to northern Anhui, and within Zhejiang Province, to meet the travel needs of large return passenger flows. At the same time as passenger transportation business is improving, good news has also been coming from the freight and construction sectors of the Yangtze River Delta railway: on August 22nd, the first "Lanxi" China Europe freight train was loaded with 110 TEUs of "Made in Zhejiang" export goods to Europe; On the 27th, the first box girder of the high-speed railway from Shanghai to Nanjing to Hefei was successfully erected, and the project construction entered the stage of full line girder erection... With the prosperity of passenger and freight transportation, the enthusiasm for construction is high, which is a reflection of the current Yangtze River Delta railway. The reporter learned from China Railway Shanghai Group Co., Ltd. that 2023 marks the fifth week of national strategy for the integrated development of the Yangtze River Delta

Typhoons are pouring out in the northwest Pacific. Typhoon "Davy" has been suspended today, and "Sula" and "Sea Anemone" continue to dance together with Taiwan. The path trend is aimed at China. Will Shanghai be affected by it? Today in Shanghai, it is already cloudy and rainy. From 8:00 to 16:30, the accumulated rainfall in the central urban area, Pudong New Area, Songjiang, Baoshan, Chongming and other places reached the level of heavy rain. Among them, the central urban area received the most rainfall, with a precipitation of 27.2 millimeters, followed by Pudong at 25.9 millimeters. Under the pressure of rain, the temperature has also lost its upward momentum. The highest temperature in Shencheng is only 23.8 ℃, making it the coolest day in the past two months and the lowest daily highest temperature since late August 2011. You should know that it's rare for it to be so cool in late August. Shanghai center Meteorological Observatory forecasts the weather later this week

On a night in August, near Kerry City in Pudong, the subway station exit was much livelier than usual. Young people shuttle through the subway station, pulling suitcases of all sizes and carrying brightly colored bags with cartoon images of cats and dogs printed on them. They are the last group of visitors to the 25th Asian Pet Expo, with bags filled with food, drinks, toys, and supplies they bought for the furry kids. In addition to tangible consumption, the tentacles of the pet economy are also extending to intangible services. At this year's Asian Pet Expo, Zhongan Insurance and Ant Insurance jointly released the "2023 Pet Digital Insurance Development Trend Insight White Paper" to the public. According to the white paper data, the global pet insurance market size reached RMB 90.846 billion in 2022, with a compound annual growth rate of 16.4%

On August 30th, the topic of "tourism related to pornography" sparked a heated discussion among netizens. Some netizens have found that on platforms such as Xiaohongshu and Douban, "all inclusive travel expenses" is becoming a secret phrase. Under the relevant content titles, some netizens may also indicate: "Only for girls, take what you need." Some netizens posted that while searching for travel partners, they were asked if they were looking for "green partners.". The other party said, "The cost is generally limited to women, and the green ones can be explained clearly." "Tazi" is not a new term. In the 2007 edition of the Shanghai Dialect Dictionary, the definition of "duozi" is: "People who play cards together are extended to be partners.". The term "duozi" was originally used to describe a scene where two people or objects work together to accomplish something. And now the so-called "duozi culture"

This year's Mid Autumn Festival and National Day holidays will be combined, with 8 consecutive days off from September 29th to October 6th. This super long holiday has prompted many people to plan their travel plans early. The reporter learned from multiple tourism agencies that there are already applicants for long-term team tours in China during this year's National Day holiday, including Gansu, Qinghai, Ningxia, Yunnan, Guizhou, and Sichuan. In terms of outbound tourism, the popular Japanese tour during National Day has cooled down due to the nuclear sewage discharge incident, and some tourists have turned to places such as Singapore, Dubai, and New Zealand. Due to the high cost of air tickets and difficulties in visa reservations, the registration for the European and American direction during the National Day holiday is nearing completion, with little remaining balance. Long term destinations and internet famous cities in China have initiated registration to continue the popularity of summer travel, while the popularity of domestic destinations during the Mid Autumn Festival and National Day holiday remains high. The routes for our National Day holiday have all been finalized

At 5:30 pm on August 29th, Yu Minhong made an appearance in the Oriental Selection live broadcast room, personally promoting 5 products and then spreading good news - the daily sales of the live broadcast room exceeded 100 million yuan.In the live streaming market where traffic and sales are deeply tied, top anchors no longer rely solely on traffic rewards from live streaming platforms, but share business risks through multi platform operations and build their own supply chains to compete for dominance. The competition between platforms and anchors is gradually changing the game rules of live streaming e-commerce. Different from the common "eight late slots", Dongfang Zhenxuan broadcasts early at 8am. Despite such a niche live broadcast period, the combination of ultra-low prices and high popularity has made Dongfang Zhenxuan's Taobao debut a success

The ride hailing industry is once again experiencing a wave of decline. Recently, a specialized team for collaborative supervision of new forms of transportation in Shanghai, composed of multiple departments, conducted joint talks with 18 compliant ride hailing platform companies in Shanghai, as well as Didi Chuxing and Gaode ride hailing platforms. At the interview, it was revealed that by the end of this year, 80% of Shanghai's ride hailing vehicles must comply with regulations, and Didi will clear 25000 non compliant vehicles in the city. Shanghai is not an exception. Prior to this, Ningbo, Shenzhen, Wuhan, Hangzhou and other places have also conducted interviews and supervision on local top ride hailing platforms, requiring standardized ride hailing prices and operational management. Experts say that this round of withdrawal is related to the increase in the number of ride hailing services in the past six months and the price war on platforms. From the perspective of urban governance, the sharp increase in the number of ride hailing services directly affects the quality of urban transportation, and Shanghai's ride hailing accidents

On August 30th, the launch ceremony of the special demonstration activities of "Red Culture into State Owned Enterprises" and "Red Road Academy into Enterprises" was held at Haitong Securities. The "Red Culture Entering State owned Enterprises" series of activities are jointly organized by the Party Committee of the Municipal State owned Assets Supervision and Administration Commission, the Party History Research Office of the Municipal Party Committee, Xinmin Evening News, and others. Since July 2019, they have visited 14 large state-owned enterprises in Shanghai, held more than 450 online and offline visits, attracted more than 400000 enterprise cadres, employees, and citizens to participate, formed a new space and model for promoting red culture, and gradually developed into a new brand and platform for spreading red culture. The "Red Culture into the Sea" exhibition, with the theme of "Finance for the People and Sea Connection Advancing", is divided into three major parts: the Shanghai State owned Assets and Enterprises Red Gene Exhibition, the New China Shanghai Securities Industry Special Exhibition, and the Haitong Securities 35th Anniversary Special Exhibition

After four months of renovation and upgrading, the nearly 30-year-old Nanquan Vegetable Market on Nanquan Road in Pudong New Area has recently made a new appearance as the "Nanquan Branch of Pushang Vegetable Market". Residents were pleasantly surprised to find that the previously outdated space has become bright and tidy, and simple transactions for buying and selling vegetables have become more "smart" due to the addition of digital tools. At the 2023 Demonstration Smart Vegetable Market Construction Project "Open Door and Do Practical Things" on-site meeting held by the Shanghai Municipal Commission of Commerce on August 30, it was learned that this year, "Building 20 Demonstration Smart Vegetable Markets" has been included in the Shanghai Private Practical Projects. As of now, the city has completed the construction of 19 demonstration smart vegetable markets. At this speed, it is expected to complete 28 by the end of this year, exceeding the annual target. Entering the Nanquan Vegetable Market, a large electronic display screen displays

Speaking of Honeywell, you may not remember it deeply, but there must be its products on the planes you have flown on. It is not an exaggeration to say that Honeywell is a low-key industrial giant. Nearly 140 years ago, this company started as a thermostat, but now it has crossed multiple fields such as industrial automation, construction, security, aerospace, petrochemicals, automobiles, and new materials, becoming one of the world's largest high-tech and manufacturing enterprises. It is this century old multinational enterprise that entered the Chinese market in 1972 and established its Asia Pacific headquarters in Pudong, Shanghai in 2004, thus forming a connection with Shanghai. According to Yu Feng, the President of Honeywell China, Honeywell is a complete witness and witness to the 45 years of China's reform and opening up. The company has deeply felt the tremendous changes that the reform and opening up have brought to the times. Following the footsteps of China's economic development