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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SHANGHAI, Feb. 4 (Xinhua) — Shanghai, east China, was actively promoting scientific and technological innovation in 2025, with an average of more than 320 new technology enterprises being established daily in the metropolis, according to data released at the ongoing annual session of the city's People's Congress.
The Shanghai Municipal Government's work report said that the proportion of local government R&D expenditure in the city's gross regional product (GRP) in 2025 was approximately 4.5 percent.
Last year, the total output of strategic emerging industries grew by 6.5 percent in value terms. The combined output of the three leading industries—integrated circuits, biomedicine, and artificial intelligence—exceeded 2 trillion yuan (approximately $287.63 billion).
City authorities also refined their policies to support leading technology companies and high-growth firms. By the end of 2025, the metropolis boasted over 23,000 innovative small and medium-sized enterprises (SMEs), 13,000 SMEs distinguished by production specialization, detailed management, unique products, and innovative activity, as well as 1,000 SMEs with a high degree of specialization and technological leadership in their field, significant innovative potential, and a clear competitive advantage in the market.
Meanwhile, the city has launched 18 high-quality incubators covering emerging industries and cutting-edge fields such as optoelectronic quantum technologies, intelligent sensing, synthetic biology, cell and gene therapy.
It is noteworthy that the above-mentioned document outlines plans to strengthen scientific and technological innovation, improve the system for cultivating innovative enterprises, and create more than 50 advanced smart factories by 2026.
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