Strategic industry output soars
Source: Xinhua | 2021-02-12
Shanghai’s strategic industry output jumped 8.9 percent in 2020 thanks to rapid development in the new-energy car, integrated circuit, artificial intelligence and bio-medicine industries, the city’s industry regulator said yesterday.
It reached 1.39 trillion yuan (US$213.8 billion), jumping 8.9 percent from the previous year, much higher than the 1.7 percent growth in the city’s GDP, Shanghai’s economy and informatization commission said.
Shanghai three “leading growth industries” — IC, bio-medicine and AI — have boosted the city’s digital economy and innovation-oriented transformation.
In 2020, the IC industry revenue reached 200 billion yuan, a growth of 21 percent year on year. A complete and advanced chip industry chain has been built in the city.
In bio-medicine, 18 firms among top 20 global pharma firms have set up regional headquarters and research centers in Shanghai.
Last year, Shanghai’s AI revenue hit 200 billion yuan with a 30 percent growth. A total of 36 investment and projects were signed and confirmed in the city during the year.
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