Jun 17

China Watch Blog has learnt that by 2020, Shanghai will be built into an international trade center that can aid resource allocation in both domestic and global markets, has prosperous modern services industries, matches China’s economic and trade status among the world in addition to serving the Yangtze River Delta region, the Yangtze River Basin and the whole country.

According to a press conference hosted by Shanghai Municipal Government, Shanghai, as planned, will have a relatively mature core function framework as an international trade center by the end of the 12th Five-Year Plan. The construction of 10 trade and investment promotion platforms, including a national-level convention and exhibition facility platform, an international trade and overseas marketing promotion platform, a national technology import and export platform, an e-commerce platform and a bulk commodity trading platform, will be the city’s focus in building a global trade center.

Shanghai Municipal Commission of Commerce predicted that the city’s annual gross sales of goods will exceed 8.70 trillion yuan by 2015, with an annual growth rate over 20 percent. Total sales of consumer goods will hit 1 trillion yuan, with a growth rate of 15 percent by 2015. E-commerce volume is expected to reach 850 billion yuan, representing 10 percent of the city’s total sales of consumer goods.

In order to improve Shanghai’s competitiveness as an international trade center and to achieve further trade facilitation, the local government vowed to realize an average annual growth of 15 percent for the added value of specialized services industries and form the 10 trade and investment promotion platform systems that serve the whole country from 2011 to 2015. The city also plans to attract 100 multinational companies’ regional headquarters and build a national-level large-scale convention and exhibition site in Hongqiao Business District. Sharing of information and data will be generally achieved, and all relevant government authorities will make their administrative information public and transparent.

Shanghai will enhance the facilitation of commercial and trade public services and invest more in information infrastructure to form a commercial and trade public services platform involving various aspects and serving the whole country.

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