Pudong New Area achieved remarkable economic growth in 2024, with five key indicators reaching trillion-yuan milestones and the regional GDP reaching 1.78 trillion yuan ($251 billion), up 34 percent from 2020.

Industrial output of large-scale firms and service revenues also saw substantial growth under the 14th Five-Year Plan (2021-25), reflecting the area's dynamic economic performance.

In 2024, Pudong New Area accounted for 32.9 percent of Shanghai's GDP and 33.6 percent of its industrial output. The area's industrial structure is undergoing significant transformation, with emerging industries such as biomedicine, integrated circuits, and high-end manufacturing making up over half of industrial output.

Pudong New Area has also enhanced its role as a global logistics hub. Shanghai Waigaoqiao International Cruise Terminal, China's largest automobile ro-ro terminal, exported 715,000 vehicles in the first half of 2025, a year-on-year growth of 13.7 percent. The terminal now serves 131 countries and regions, solidifying Pudong New Area's position in global trade.

The area's manufacturing sector is continuing to advance, with the H1509 cruise ship, currently under construction by Shanghai Waigaoqiao Shipbuilding Co, having entered its equipment testing phase in August 2025. The vessel is expected to be completed by 2026, reflecting Pudong New Area's growing capabilities in high-tech manufacturing.

Pudong is also seeing a shift toward higher-quality goods and services, attracting new international brands and developing modern retail spaces, further fueling consumption growth. The area's economic performance in 2024 underscores its role as a key engine of Shanghai's high-quality development.

Pudong New Area attracts many new international brands and develops modern retail spaces. [Photo/WeChat ID: pdnews]

Pudong New Area continues to attract high-quality investment projects, with foreign capital inflows reaching $37.25 billion in the first half this year, a 36.1 percent year-on-year increase. This ongoing investment highlights the area's strong economic vitality and growing global appeal.