High-quality growth to grace future development in Shanghai and beyondEditor’s note:
Print Edition
At the ongoing Two Sessions in Shanghai, high-quality growth is a catch phrase among lawmakers and political advisers – as it is a guidance to direct a new development format in China.
The Yangtze River Delta region, with Shanghai at the core and supported by the neighboring provinces of Jiangsu, Zhejiang and Anhui, has been a model of high-quality growth. The region is recognized as having the most robust economy, greatest openness and strongest innovation capability of any region in China.
With a shared culture, a talented and educated workforce, established companies in many key industries and a growing research and development capability, the YRD region offers a natural base for collaboration.
Accelerated pace of growth in the region has been seen in the past three years after further integration in the region was adopted as a national strategy in 2018. What has happened and what is likely to take place next is worth a close study.
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