What Happened
Shanghai Free Trade Zone Aims For High-Tech Industrial Clusters
The Lin-gang Special Area in Shanghai has announced plans to achieve an average annual GDP growth rate of 7.5% by 2030, driven by the development of frontier industrial clusters, including integrated circuits, civil aviation, and high-end equipment. The area aims to create three industrial clusters with a value exceeding 100 billion yuan by 2030. The plan prioritizes supply chain security and resilience, particularly in the civil aviation industry, with a focus on the production of the homegrown C919 passenger jet and the development of high-bypass-ratio turbofan engines. This development was reported by Chinadaily.com.cn.