New energy vehicle output will account for 35 percent of Shanghai's auto manufacturing industry and reach 350 billion yuan ($54 billion) by 2025, said a five-year action plan for the sector that was unveiled recently.
In the context of China's utilization of foreign direct investment this year, stabilizing the scale and improving the growth level will be the main tasks.
A hundred agricultural industrialization enterprises with annual sales of more than 100 million yuan ($15.47 million) will be built in Shanghai by 2025.
Shanghai has outlined its plan for digital transformation, aiming to become a global capital for digitization by 2035, Economic Daily reported.
China has decided to reduce or cancel import tariffs on a range of products starting Jan 1, 2021.
China is enlarging the scope of investment by foreigners with a revised catalog of industries in which such investment is encouraged, a fresh sign of opening-up and high-quality development resolve.
Shanghai became the first city in China to launch a pilot policy that simplifies currency exchange services for foreigners.
The Pudong New Area issued three new policies at the 2020 Shanghai Global Talents Innovation and Entrepreneurship Summit on Dec 24.