Shanghai seeks more investment in 8 key areas

Detailed summary

Shanghai welcomes more investment in the eight areas of integrated circuit, biomedicine, artificial intelligence, next-generation electronic information, intelligent connected new…

Shanghai welcomes more investment in the eight areas of integrated circuit, biomedicine, artificial intelligence, next-generation electronic information, intelligent connected new energy vehicles, high-end equipment, advanced materials, and modern services, the municipal government said on Friday.

The information was released during the city promotion conference, which was part of the ongoing ninth China International Import Expo.

Shanghai is the city with the highest concentration of various types of venture capitals across China, with the amount invested in strategic and frontier fields overtaking all the other Chinese cities, Chen Jining, Shanghai's Party secretary, said during the Friday event.

The city is also seeing vibrant entrepreneurship, with more than 300 technology-based startups being founded every day.

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