Key Takeaways: Nongfu Spring will invest 5 billion yuan with the city of Jiande in Zhejiang province to build a new production base for its drinking water and other beverage products With gross and net profit margins of 60% and 28%, respectively, the company far outperforms its Mainland Chinese peers in terms of profitability
Shanghai s economic role set to expand By SHI JING in Shanghai | China Daily | Updated: 2020-12-11 07:24 Share CLOSE Tourists pose for photographs on the Bund, a major scenic spot on the Huangpu River, in Shanghai. [Photo by Wang Gang/For China Daily]
Shanghai should better connect domestic and international markets in order to improve its high-quality development and facilitate China s deepened round of reform and opening-up, according to the proposed new five-year plan and development goals for 2035 released on Thursday.
Shanghai s proposed 14th Five-Year Plan (2021-25) says that high quality will be the highlight of its future economic development through strengthening the city s four major functions－allocating global resources, initiating technological innovation, leading development of high-end industries and opening up as a hub. Those functions were stressed by President Xi Jinping during his visit to Shanghai