Shanghai plans $132b high-end projects

At least 100 high-level industrial projects will be built in Shanghai in the next few years with total industrial investment projected to top 850 billion yuan ($132 billion) during the 14th Five-Year Plan period (2021-25), according to a plan released by the municipal government on Thursday.

The development of high-end industries will be the highlight of Shanghai's advanced manufacturing industry in the coming years, according to the latest plan.

Integrated circuits or ICs, biomedicine and artificial intelligence, which are defined as the three "pioneering" industries in Shanghai, shall see their respective scale more than double by the end of 2025.