Shanghai sees 21 new projects underway from investment

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. Shanghai's appeal to companies from home and abroad remains unchanged, which can be proven by the 21 new projects incurring 52.4 billion yuan of investment landed in the city on Friday. The new projects, covering key industries such as biomedicine, new energy, general aviation and semiconductors, were introduced into Shanghai via the collective signing ceremony held during the Shanghai Global Investment Promotion Conference 2024 on Friday. Meanwhile, Shanghai has also impressed INVISTA in terms of intellectual property rights protection, which makes the company feel "safe" developing here upon the government's continued commitment to such protection, said Knight. During the Friday conference, Shanghai's vice-mayor Chen Jie released investment opportunities in the 10 major industries of AI foundation model, humanoid robots, wide bandgap semiconductors, bio-manufacturing, metaverse, large aircraft, large cruise ships, commercial aerospace, new materials and hydrogen energy.