Trans­for­ma­tion into a science and tech hub

China Daily (Canada) - - SHANGHAI -

Shang­hai has al­ready been lead­ing the way in mold­ing an in­no­va­tion-led econ­omy by pi­o­neer­ing sci­en­tific and tech­no­log­i­cal in­no­va­tion in China. Mov­ing for­ward, the city is now look­ing to fo­cus on trans­form­ing into a science and tech­nol­ogy hub that can ex­ert in­flu­ence on a global scale.

Ac­cord­ing to Shang­hai Mayor Yang Xiong, the city will aim to speed up its trans­for­ma­tion by re­duc­ing gov­ern­ment bu­reau­cracy as well as in­tro­duc­ing more poli­cies to at­tract top tal­ents. He added that Shang­hai has al­ready been for­mu­lat­ing poli­cies to pursue devel­op­ments in var­i­ous fields in­clud­ing brain science, ar­ti­fi­cial in­tel­li­gence, stem cell and tis­sue re­pair.

Cur­rently, the num­ber of re­search and de­sign cen­ters by multi­na­tional cor­po­ra­tions in Shang­hai ac­counts for nearly a quar­ter of the to­tal num­ber in the coun­try. The pro­por­tion of Shang­hai’s in­vest­ment in re­search and de­vel­op­ment in its GDP has also risen from 2.8 per­cent in 2010 to 3.6 per­cent in 2014, reach­ing the level of de­vel­oped coun­tries.

Ac­cord­ing to a pro­posal by the city’s au­thor­i­ties, Shang­hai will com­plete the frame­work for be­com­ing an in­flu­en­tial science and tech cen­ter by 2020. The core func­tions of a global in­no­va­tion cen­ter would be in place by 2030.

“Shang­hai is al­ready on the road to be­com­ing an in­ter­na­tional eco­nomic cen­ter, a fi­nan­cial cen­ter, a trade cen­ter and a ship­ping cen­ter. The con­struc­tion of a tech­no­log­i­cal in­no­va­tion cen­ter will fur­ther en­hance the city’s growth,” said Yu Lei, a re­searcher with the Shang­hai Acad­emy of So­cial Sci­ences.

Fur­ther­more, a slew of poli­cies, in­clud­ing 22 mea­sures is­sued on May 2015, were con­tin­u­ously un­veiled by the mu­nic­i­pal gov­ern­ment to en­cour­age en­ter­prises to carry out more cre­ative projects and sup­port the de­vel­op­ment of sci­en­tific and tech­no­log­i­cal re­search in­sti­tu­tions.


Shang­hai is poised to be­come a science and tech­nol­ogy hub.

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