Shanghai launched 64 new projects with a combined investment of 273.4 billion yuan ($42.2 billion) on Monday, involving high-end industries, scientific and technological innovation, infrastructure, major livelihood and other fields.
The projects will spread across the city and will further unleash Shanghai s enormous development potential. It includes manufacturing, integrated circuits, biomedical and artificial intelligence projects, as well as high-end industrial chain programs of technological innovation, finance and trading.
Shanghai s economy has largely remained resilient despite the COVID-19 effect. From January to November, its fixed assets investment grew by 10.7 percent on a yearly basis, while manufacturing investment rose by 19.3 percent, the 33rd month in a row of double-digit growth.