politics

New Shanghai Pudong cluster unveiled to draw international economic entities

Aerial photo taken on May 22, 2020 shows a view of Pudong New Area, east China's Shanghai. (Xinhua/Fang Zhe)

  Aerial photo taken on May 22, 2020 shows a view of Pudong New Area, east China's Shanghai. (Xinhua/Fang Zhe)

SHANGHAI, July 28 (Xinhua) — The New Bund Global Economic Organization Cluster was unveiled in Shanghai’s Pudong New Area on Wednesday, as part of its efforts to attract more international economic entities to drive high-quality growth.

China issued a guideline on July 15 to support high-level reform and opening-up of Pudong. The guideline listed measures to build Pudong into a pioneer area for socialist modernization.

The guideline also pointed out that Pudong should play a role in drawing more international economic organizations and multinational companies’ regional headquarters to the China (Shanghai) Pilot Free Trade Zone.

Currently, a total of 10 international economic organizations have set up offices in the New Bund of Pudong (Qiantan Area).

Yang Chao, deputy head of the Pudong New Area, said that the New Bund Global Economic Organization Cluster will gather more corporate headquarters, international organizations and institutions with global influence, helping Pudong become the prime option for many international organizations and improving Shanghai’s global competitiveness. Enditem

Related posts

Chinese vice premier calls for deeper cooperation with Tsinghua advisors

xxx

HK representatives speak of urgency to improve systems related to “patriots governing Hong Kong”

xxx

Chinese premier stresses reform and opening-up, jobs during inspection tour

xxx