The average annual GDP growth rate in Shanghai exceeds 20%! 14 key projects have been signed and landed in Lingang | New Film | GDP
On July 10th, 2023, the Global Investment Cooperation Conference for Lingang New Area was held, and 14 key projects were signed, including Zhongke Chuangda, Energy Singularity, Lear, etc., covering many fields such as cutting-edge industries, service trade, finance, and urban functions.
Tang Hao, the full-time deputy director of the Lingang New Area Management Committee, summarized Lingang with four English words during the theme promotion: Outgoing, Progressive, Energetic, and Noteworthy. Tang Hao said, "When the first letters of four English words are combined, they become 'OPEN', and the word 'open' has been integrated into the genes of Lingang."
It was learned at the press conference that in the past four years since the establishment of Lingang New Area, the average annual growth rate of regional GDP has been 21.2%, the average annual growth rate of gross industrial output above designated size has been 37.8%, the average annual growth rate of fixed assets investment of the whole society has been 39.9%, the average annual growth rate of foreign capital has been 58.7%, and the average annual growth rate of total import and export volume of Yangshan Special Comprehensive Bonded Area has been 22.1%.
At the meeting, the plan and supporting policies to accelerate the innovative development of service trade in the Lingang New Area were also interpreted. The Lingang New Area will study and formulate supporting policies to support the innovative development of service trade, and allocate no less than 200 million yuan of special financial funds annually to support key enterprises and institutions in service trade.
Wu Qunfeng, Director of the Development and Reform Department of the Lingang New Area Management Committee, introduced that the development of modern service industry in Lingang New Area focuses on innovative development of service trade such as digital trade, emerging finance, high-end shipping services, and technology trade. Last year, the import and export volume of Lingang service trade increased by 38.9% year-on-year. Since the establishment of the new area, a large number of internationally renowned foreign financial institutions such as Dahua Bank, HSBC Bank, HSBC Jinke, and IDG Capital have landed in Hong Kong. A large number of major functional platforms, such as international reinsurance platforms, international oil and gas trading centers, bonded ship supply public service platforms, international container space trading platforms, international data ports, and Shanghai Technology Exchange international trading centers, have also gathered to strengthen the global high-end element configuration function near the port.
Chen Jinshan, member of the Standing Committee of the Municipal Party Committee, Secretary of the Party Working Committee of Lingang New Area, and Director of the Management Committee, attended the event.