City unveils action plan to spur new biz formats
Print Edition
Shanghai has drawn up an action plan to foster new business formats, and will further build up the city’s development momentum for digital economy in the next three years.
A meeting of the standing committee member of the Shanghai Committee of the Communist Party of China was held yesterday by Gong Zheng, Shanghai deputy Party secretary and the city’s acting mayor.
Shanghai will continue to implement decisions by the Party and the State Council to further its opening-up measures.
It will further optimize the business environment that is international, based on lawful rule and convenience.
Shanghai will draw on previous experience to better leverage online infrastructure to further attract foreign investment. Such practices shall be expanded citywide. It will also offer tailor-made service to better serve enterprises in order to provide ease in conducting business activities.
Shanghai hopes to become the home of at least 100 innovative enterprises, build at least 100 business scenarios to fully apply new technologies, foster at least 100 branded products and make at least 100 breakthroughs in terms of cutting-edge technology.
The development of the digital economy is the focus of Shanghai’s efforts to rejuvenate economic development as the city fights the COVID-19 epidemic.
Shanghai shall turn the challenging situation into new development opportunities to become a leading player.
It shall also tackle systematic drawbacks to solve issues in pushing further development as well as drive synergies for multiple ongoing tasks.
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