In­ter­net-based tech one of the keys to Shang­hai’s fu­ture $177

China Daily (USA) - - SHANGHAI - ByWUYIYAO in Shang­hai wuyiyao@chi­nadaily.com.cn

Shang­hai’s de­vel­op­ment into a global city of ex­cel­lence will rely on a greater em­pha­sis on soft power and lever­ag­ing re­sources from fast-de­vel­op­ing In­ter­net-based ser­vices, said the city mayor Yang Xiong.

Yang made the re­mark dur­ing the 28th In­ter­na­tional Busi­ness Lead­ers’ Ad­vi­sory Coun­cil (IBLAC) last week­end. More than 500 del­e­gates from For­tune 500 com­pa­nies were in at­ten­dance at the event and they dis­cussed a va­ri­ety of top­ics per­tain­ing to how the city can ben­e­fit and de­velop In­ter­net-based ser­vices and in­dus­tries.

In the re­port that Yang de­liv­ered on the morn­ing of Nov 6, he said that Shang­hai’s In­ter­net-based ser­vices will not only ben­e­fit eco­nomic growth but help res­i­dents to el­e­vate liv­ing stan­dards as well.

Ac­cord­ing to Yang, in­for­ma­tion and com­put­ing tech­nolo­gies in­dus­tries in Shang­hai con­trib­uted some 7 per­cent to 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 man­age­ment, ed­u­ca­tion and med­i­cal ser­vices at lower costs.

The IBLAC forum was founded in 1989 by for­mer Shang­hai mayor Zhu Rongji, who be­came Chi­nese pre­mier in 1998. He en­vis­aged the forum as a plat­form for the world’s top busi­ness lead­ers to pro­vide strate­gic ad­vice on the city’s de­vel­op­ment and the chal­lenges it faces.

Over the past 27 years, the in­ter­na­tional think tank has grown from 12 mem­bers in eight coun­tries to more than 50 mem­bers in over 15 coun­tries. Its par­tic­i­pants come from all fields of in­dus­try and com­merce, in­clud­ing fi­nance, man­u­fac­tur­ing, in­for­ma­tion tech­nol­ogy, phar­ma­ceu­ti­cals and re­tail. The event is also a plat­form for the city’s mayor to gain in­sights from a host of mar­ket watch­ers and busi­ness lead­ers.

Kevin Kelly, ed­i­tor of Amer­i­can mag­a­zine Wire and the key­note speaker at IBLAC, said that Shang­hai will need to find its unique po­si­tion in the world and fo­cus on long-term de­vel­op­ment that goes be­yond in­dus­trial and com­mer­cial progress in its quest to be­come a global city of ex­cel­lence.

Martin Sor­rell, chief ex­ec­u­tive of me­dia ser­vices firm WPP and chair­man of this year’s coun­cil, added that Shang­hai will need a united agenda that can syn­er­gize all lev­els of gov­ern­ment, pub­lic and pri­vate sec­tors, as well as aca­demic and civil so­ci­eties so as to pre­pare the city for a fu­ture that is geared to­ward In­ter­net-based tech­nolo­gies.

Mark Wein­berger, the global chair­man and CEO of EY, was elected as the chair for the next edi­tion of IBLAC. Wein­berg, who was tak­ing over from Sor­rell as the chair, said that he will seek new mem­bers to bring more per­spec­tives and ideas to IBLAC and will push for­ward im­ple­men­ta­tions of good ideas from mem­bers. He noted that while IBLAC’s mech­a­nisms might change un­der his charge, open and frank com­mu­ni­ca­tions will nev­er­the­less re­main as one of the core ob­jec­tives of the plat­form.

The mu­nic­i­pal gov­ern­ment of Shang­hai is poised to be­come the first city in China to cre­ate stan­dards re­gard­ing the il­lu­mi­na­tion of parks at night. An of­fi­cial from the Shang­hai mu­nic­i­pal ad­min­is­tra­tion of land­scap­ing and city ap­pear­ance said that 89 out of the city’s 165 parks are open dur­ing the day and night, with 21 of them ac­ces­si­ble round the clock. As such, mea­sures need to be taken to reg­u­late the in­stal­la­tion of lights in the parks.

The China-US Sup­ply Chain and Pur­chas­ing Sum­mit 2016 was held in Shang­hai on Oct 21, with a host of ex­perts shar­ing their in­sights into the topic of re­shap­ing the in­dus­try as well as the sup­ply and value chains in China. Cai Jin, deputy direc­tor of the China Fed­er­a­tion of Lo­gis­tics & Pur­chas­ing, said dur­ing the open­ing speech that it is es­sen­tial for tra­di­tional Chi­nese en­ter­prises to carry out in­no­va­tive de­vel­op­ment of the sup­ply chain and so­lid­ify the re­form of sup­ply-side struc­tural re­forms in or­der to achieve sus­tain­able de­vel­op­ment in the coun­try’s economy.

The first Ex­ec­u­tive Coun­cil of the Venezuela Con­fu­cius In­sti­tute, which was jointly built by Changzhou Univer­sity in Jiangsu prov­ince and the Univer­sity of Bo­li­var­i­ana in Venezuela, was held re­cently. The in­sti­tute stated dur­ing the meet­ing that it will be of­fer­ing Chi­nese lan­guage classes as well as in­te­grat­ing the aca­demic strengths of both uni­ver­si­ties in or­der to ad­vance their in­dus­tri­al­iza­tion of re­search find­ings on Chi­nese cul­ture as well as in­dus­tries such as pe­tro­leum and petro­chem­i­cal. Ac­cord­ing to Shen Jufen, Chi­nese dean of the Venezuela Con­fu­cius In­sti­tute, the first Chi­nese lan­guage class is planned to com­mence in Jan­uary 2017.

GAO ERQIANG / CHINA DAILY

Mem­bers and in­vited guests of the US Con­sulate Gen­eral and the Amer­i­can Cham­ber of Com­merce gather to watch the US pres­i­den­tial election at the Shang­hai Port­man Ritz-Carl­ton Ho­tel on the morn­ing of Nov 9.

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