The development of Pudong outlined in two new plans

The new area of ​​Pudong in the eastern part of Shanghai is expected to become more prolific in international trade and shipping companies during the period of the 14th Five-Year Plan (2021-25) so that the area can better connect traffic national and international, according to two sets of plans. released Thursday.

Pudong’s overall business structure is expected to be further optimized by 2025, while more leading international companies and trade institutions are expected to be attracted to establish a presence in the region, according to plans that aim to build capacity. commercialization of the region during the 14th five-year plan (2021-25).

Specifically, the plan stipulates that Pudong should account for more than 60 percent of the total value of Shanghai’s merchandise trade and more than 55 percent of the value of the city’s imports and exports for the services trade here. 2025. The annual income of offshore trading is also expected to reach 400 billion yuan ($ 62.5 billion) in that year, according to the plan.

Pudong is currently planning to develop and introduce 150 regional headquarters of multinational companies and domestic industry leaders within five years. The plan called for 10 large e-commerce companies, each with an annual gross merchandise value exceeding 10 billion yuan, to be based in Pudong by 2025.

Meanwhile, four commodity trading platforms with respective annual trade values ​​exceeding 100 billion yuan are expected to become operational in Pudong by that year.

“The ultimate goal is to make Pudong a central area for international trade, closer to the rest of the world and a place that celebrates a higher degree of openness. More industries and support facilities should be built here to provide better experiences. to market entities, ”said Lu Qixing, deputy director of the Pudong trade commission.

By 2025, Pudong is expected to become a global maritime transport hub, with comprehensive reform of international maritime transport business, high-end maritime sub-sectors, innovation and high-quality maritime transport services, according to the plan.

Pudong is also expected to account for 90% of Shanghai’s total annual container throughput over the next few years, with volume reaching 42 million TEUs in 2025. The total value of aircraft and ship leasing assets is expected to grow. rise to 440 billion yuan, according to plan.