Putuo unveils White Paper on Foreign Investment Environment of Shanghai-Nanjing Industrial Innovation Belt

Shanghai's Putuo district, in collaboration with Deloitte China, released the White Paper on the Foreign Investment Environment of the Shanghai-Nanjing Industrial Innovation Belt on Nov 6. [Photo/Shanghai Putuo Media Center]

​On Nov 6, Shanghai's Putuo district, in collaboration with Deloitte China, released the White Paper on the Foreign Investment Environment of the Shanghai-Nanjing Industrial Innovation Belt.

The white paper outlines the collaborative innovation framework and foreign investment opportunities created by the "eight cities and one district" involved in the innovation belt, injecting new momentum into high-quality development in the Yangtze River Delta.

It highlights the innovation belt, which connects Putuo with cities of Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Yangzhou, Zhenjiang, and Taizhou in East China's Jiangsu province, has formed a collaborative innovation pattern.

This hub of industrial innovation covers just 0.57 percent of China's territory but accounts for over 10 percent of the national GDP. It boasts high-level scientific platforms like Nanjing's Purple Mountain Laboratories, and Wuxi's Taihu Laboratory, with 76,400 high-tech enterprises accounting for 16 percent of the national total.

The white paper describes a comprehensive innovation system from basic research to technology development and commercialization, exemplified by the Shanghai Industrial μTechnology Research Institute's pilot base in Taicang.

As a bridgehead for the innovation belt, Putuo has attracted six foreign-funded R&D centers and 42 regional headquarters of multinational companies.

The white paper emphasizes the focus of industrial innovation on areas such as integrated circuits, biomedicine, and artificial intelligence, promoting a "dual-location" model. For instance, Shanghai and Nantong have established a system where research is conducted in Shanghai and commercialization in Nantong.