the combined worth of information and computing tech industries in Shanghai in 2015
the city’s GDP in 2015. These sectors, which have a combined worth of 1.2 trillion yuan ($177 billion), saw the fastest growth among all service industries.
“We are facing new challenges amid the transformation from traditional industries to Internet-based ones, including balancing innovation and regulation, which are not necessarily always mutuallycontradictive. Government, enterprises and entrepreneurs need to be prepared for these changes amid transformation and take advantage of the great opportunities,” said Yang.
The Shanghai mayor also said that players in the Internet technology-based sectors will in the near future play bigger roles in developing applications that can help users gain better access to urban