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Pudong accelerates as China’s reform and innovation flagship
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Pudong, Shanghai’s flagship zone for reform and opening-up, has long symbolized China’s modernization drive. Established in 1990 as a testing ground for bold economic initiatives, including the country’s first pilot free trade zone, Pudong has consistently led China in innovation, urban development and global trade.
In 2020, President Xi Jinping designated Pudong as a pioneer area for socialist modernization. Since then, the new area has accelerated economic growth, technological innovation and urban transformation.
Pudong’s GDP reached 1.78 trillion yuan (US$220 billion) in 2024, up 34 percent from 2020, and grew a further 6 percent in the first three quarters of 2025. During that period, per-capita GDP rose to US$43,000 — above Italy’s level — and average resident income reached 95,000 yuan. Over the past five years, fixed-asset investment grew an average 11 percent annually, industrial investment 8 percent, and private investment 14.2 percent.
Despite covering just 1/8,000 of China’s land area, Pudong contributes 1/76 of the national GDP, 1/17 of the total trade, and 1/15 of foreign investment. In the first three quarters of 2025, GDP growth remained strong at 6 percent year-over-year.
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