Dive into the dynamic transformation of Shanghai, where its GDP surpassed 5 trillion yuan (US$680 billion) in 2024, reflecting a 5% growth. As a global financial leader, Shanghai's financial transactions reached an astounding 3,650 trillion yuan, with cross-border yuan settlements comprising 47% of the national total. The city is home to over 1,000 multinational headquarters and boasts a record-breaking 51.5 million TEUs annual port throughput.
But amidst this remarkable progress, a critical question arises: are foreign-funded enterprises leaving Shanghai? Despite shifts in investment trends, new foreign enterprises are emerging, revealing a complex narrative. With industrial transformation, innovation-driven initiatives, and an unparalleled market, Shanghai continues to redefine its global role.
Join Zhan Yubo from the Shanghai Academy of Social Science as he unpacks these trends in an exclusive interview. Discover whether Shanghai remains a magnet for international business and how the city is navigating these dynamic changes.
