Shanghai looking to become international hub for medical industry

Shanghai Pudong New Area's Zhangjiang National Innovation Demonstration Zone－a key player in China's pharmaceutical industry－has developed interactively with industrial parks across the city to boost the whole industrial chain in the past decade.

Among the collaborations is with the Biomedicine Harbor of the Bay Area with a planned area of 7.74 square kilometers, in Jinshan district, southwestern Shanghai.

Located in Jinshan Industrial Park, the harbor has long been pivotal in fueling commercialization of research results for startups. It accommodated 50 enterprises in biologic preparation, traditional Chinese medicine and medical devices, with an annual output value of 9.57 billion yuan ($1.46 billion) in 2020.