Pudong Today

　 The Chinese name of Pudong indicates that it is on the eastern side of the city’s mother river, the Huangpu River. Before the 1990s, the area featured paddies and fishing villages, where the socio-economic development lagged far behind that in Puxi, the city part on the western side of the river. In 1990, China adopted the policy of opening and reforming Pudong, and three years later, the new area government was established. After 17 years of opening and reform undertakings, the area has established itself as a modern urban district geared toward investment environment and multifunctional services, becoming a window showcasing the country’s reform and opening achievements and a mirror of Shanghai’s modern construction. It covered 532.75 square kilometers and was home to a population of 1.8755 million by the end of 2006.

Economic Development

　 Pudong has been playing an exemplary and spearheading role in industrial upgrading, service expanding and system reforming. In 1990, Pudong's economic output value was only 6.024 billion yuan, but the figure soared to more than 100 billion yuan within 10 years and 200 billion yuan another four years later. In 2006, Pudong New Area realized added value worth 236.533 billion yuan, up 13.4% over the previous year according to the comparable prices. The figure also represented a 13.9-times rise over 1990, or an annual growth of 18.4% on average.

Investment Magnet

　 Pudong constantly opened further to the world. By the end of 2006, investors from 97 countries and regions had injected funds into 14,910 projects in the district, involving 35.643 billion US dollars in contracted funds. There were a total of 10,276 domestic enterprises registered in the district, with a combined registered capital of 68.522 billion yuan.

Financial and Trade Zone

　　Lujiazui Financial and Trade Zone has seen financial institutions speed up finding a foothold in the area, and the financial market here further improved. By the end of 2006, a total of 380 Chinese and foreign financial institutions had started operation in this zone. A number of world multinational corporations and domestic large companies have established their headquarters in Lujiazui. Its function as venues for conference, exhibition, tourism and commercial space leasing further expanded. In the year, 1,687 major meetings and 88 exhibitions, including 73 international ones, were held in the zone.

Free Trade Zone

　 Waigaoqiao Free Trade Zone has improved its function as a modern logistic and port facility. In 2006, the Waigaoqiao port handled 113.44 million tons of cargo, up 6.6% over the previous year, and 13.73 million TEUs of containers, up 7.9% and accounting for 63.2% of the total handled at local ports. In the year, the revenue of the logistic firms in the zone totaled 177.1 billion yuan, up 21.4% from the previous year. The zone’s 2,700-strong companies had developed trade ties with 160 countries and regions.

Export Processing Zone

　 Jinqiao Export Processing Zone has further expanded its industrial functions. In 2006, the zone's industrial output value totaled 146.7 billion yuan, up 15.9% over the previous year. The leading industries in the zone also further defined their exemplary role. The output value of leading industries, including manufacturers of electronics and information products and home appliances, hit 130 billion yuan, accounting for more than 60% of the zone’s total. In the year, the zone approved 88 overseas-invested projects, which injected 637 million US dollars into the area.

High-Tech Park

　　The advantage of Zhangjiang High-Tech Park in attracting high-tech industries has been outstanding. By the end of 2006, there were 268 approved high-tech companies. The park’s total output value of electronic and information products manufacturing reached 17.9 billion yuan, up 37.1% from the previous year. The figure with the biological medicine stood at 4.9 billion yuan, up 16.4%. Many famous companies at home and abroad, including the National RFID Industrialization Shanghai Zhangjiang (Group) Co Ltd, the research and development center of Novartis AG, Pfizer Inc, Lei Yun Shang Co and its traditional Chinese medicine research institute and the Greater China headquarters of DuPont, had moved into the park before the end of 2006.