The General Office of the Shanghai Municipal People's Government has released a plan. This plan outlines that by 2028, Shanghai will welcome 100 new manufacturing enterprises, each with an annual output value exceeding 1 billion yuan. This addition will bring the cumulative total of such enterprises to over 600. Moreover, it will spur the growth of an additional 500 industrial enterprises above the designated size along the industrial chain. Additionally, there will be a significant increase in the proportion of R&D expenses in the revenue of manufacturing enterprises above the designated size, reflecting a strong commitment to innovation and technological advancement.
