Government head of Pudong New Area Wu Jincheng- Meet Opening-up Pudong, Embrace a Bright Future
The7thHongqiaoInternationalEconomicForum'sparallelsession,themed“PudongandtheWorld:High-StandardInstitutionalOpening-upForNewDevelopmentOpportunities”,tookplaceonNovember6,2024,inShanghai.ThissessionbroughttogethergloballeadersandexpertstodiscussPudong’spivotalroleinChina’seconomicandtechnologicalendeavors.WuJincheng,governmentheadofPudongNewArea,sharedinsightsintotheregion'sachievementsandfuture-orientedstrategiestofosterfurthergrowthandglobalintegration.
Inhiskeynoteaddress,WuhighlightedPudong’sevolutionfromareform-drivenwindowofChinatoahubofinternationalbusinessandinnovation.After34yearsofopeningup,PudonghasgrownintoadynamicurbancenterwithaGDPexceeding$230billionin2023,androbustforeigninvestment.Housing28,000foreign-fundedenterprises,nearlyhalfofShanghai’smultinationalregionalheadquarters,and60%ofitsforeigntrade,Pudong’sappealisevidentasamagnetforglobalcapital.
WuemphasizedPudong'scommitmenttoanopenbusinessenvironmentbybenchmarkinginternationalstandardsandcontinuouslyoptimizingservices.Newinitiativesaimtobolstersectorslikehealthcare,finance,andtelecommunications,withafocusonfacilitatingmarketentryforforeignenterprises,enhancingcross-bordertrade,andadvancingrenminbioffshoretransactions.Additionally,Pudong’spoliciesontradefacilitationhaveintroducedinnovativetaxbenefits,expeditede-commercepathways,andspecialentryallowancesforkeymedicalproducts,solidifyingitspositionasagatewaytoChina’svastconsumermarket.
Onfosteringinternationalengagement,PudongInternationalAirportnowoffersa144-hourvisa-freetransitpolicy,aone-stopservicecenterforforeigners,andwillsoonhosttheEasternHubInternationalBusinessCooperationZone,easingaccessforinternationalprofessionals.
WufurtherinvitedglobalinvestorstoexplorePudong’smajorprojects,includingthenewEasternHubArea,Disney'sexpandedattractions,andhigh-techparksinZhangjiang.HealsohighlightedPudong’sstrategicadvancementsininnovation,withspecializedparkslike“PharmaValley”and“RobotValley”andcompaniessuchasRocheandInsilicoMedicineleadingR&DeffortsacrossfieldsfrombiomedicinetoAI-drivendrugdiscovery.ThesedevelopmentsmakePudongabeaconforinnovationandentrepreneurship,attractingtalentsworldwidewithsupportiveservicesandincentivesforhigh-levelprofessionals.
Beyondbusiness,Wuunderscoredthedistrict'scommitmenttoasustainable,vibrantlivingenvironment.Pudongisevolvingasagreen,low-carbondistrict,withwalkableneighborhoods,anextensivepublictransitnetwork,andabundantculturalandrecreationalamenities,blendingurbansophisticationwithecologicalbalance.
Inclosing,WuexpressedPudong'sopennesstotheworldanditsdedicationtohigh-standardinstitutionalreformsthatalignwithChina’smodernizationgoals.Hewarmlyinvitedglobalpartnerstoinvest,innovate,andthriveinPudong,acityofdreamsandopportunities,embracingthebrightfutureofopennessandcollaboration.
ThisparallelsessionoftheHongqiaoForumshowcasedPudongasaninspiringexampleofChina’shigh-standardinstitutionalopeningup,positioningitasaleadingplatformforfosteringinternationalcooperation,economicinnovation,andsustainablegrowth.