Shanghai's Baoshan posts strong growth during 14th Five-Year Plan period

Over the past four years, the cumulative fixed-asset investment of the district surpassed 240 billion yuan. Retail sales totaled over 360 billion yuan, growing at an average annual rate of 5.7 percent, while commercial sales exceeded 4 trillion yuan, with revenue from large-scale service industries increasing by 6.1 percent annually, according to Li Chenhao, secretary of the CPC Committee of Baoshan.

In the realm of science and technology, Baoshan's R&D intensity reached 4.69 percent, with high-tech enterprises increasing by 20.3 percent annually. The district completed Shanghai's first concept verification service equity registration, recognized 11 concept verification centers, and established 36 municipal-level innovation incubators. Joint university science parks with Fudan, Tongji, Peking, and Shanghai universities formed a cluster, transforming nearly 300 technological results and hosting over 1,000 enterprises.