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BEIJING, Nov. 13, 2020 /PRNewswire=KYODO JBN/ --

After 30 years of development and opening-up, Pudong in east China's Shanghai

Municipality has been given two new roles in the country's overall development

in the next three decades.

The area should strive to become a pioneer of reform and opening-up at a higher

level and a vanguard in fully building a modern socialist country, Chinese

President Xi Jinping said on Thursday at a grand gathering in Shanghai to

celebrate the 30th anniversary of Pudong's development and opening-up.

Xi, also general secretary of the Communist Party of China (CPC) Central

Committee, said as China embarks on a new journey to achieve the goal of fully

building a modern socialist country by the middle of the century, Pudong needs

to bear new historic missions to facilitate the process.

Read original article here. (https://news.cgtn.com/news/2020-11-12/Xi-Jinping-addresses-event-marking-30-years-of-Shanghai-s-Pudong-Vm6iNfqX3q/index.html )

He encouraged the district to "carry the heaviest load" and "crack the hardest

nut" in China's reform and modernization drive.

Read more:

How Xi Jinping cares about Pudong's opening-up and development

(https://news.cgtn.com/news/2020-04-19/How-Xi-Jinping-cares-about-Pudong-s-opening-up-and-development-POqyajwWf6/index.html )

Pudong 30 years on: Epitome of China's modernization and opening-up

(https://news.cgtn.com/news/2020-11-10/Pudong-30-years-on-Epitome-of-China-s-modernization-and-opening-up-ViIUjRCf8k/index.html )

Engine of innovation

Thursday's event came two weeks after the conclusion of the fifth plenary

session of the 19th CPC Central Committee, (https://news.cgtn.com/news/2020-10-29/19th-CPC-Central-Committee-concludes-fifth-plenary-session-UZ8ZC4kHhm/index.html)

at which Chinese leaders charted the country's development course for the next 15 years.

According to the Party leadership's proposals for formulating the 14th

Five-Year Plan (2021-2025, FYP) for National Economic and Social Development

and the Long-Range Objectives Through the Year 2035, China will uphold the

central role of innovation and take self-reliance in science and technology as

strategic underpinning for national development, aiming to become a global

leader in innovation.

In such a context, Xi called on Pudong to strengthen its role as an engine of

innovation and make breakthroughs in key and core technologies. The district

should develop innovative industries in key fields and create world-class

industrial clusters in areas such as integrated circuits, biomedicine and

artificial intelligence, he said.

Read more:

Officials outline China's development roadmap at new stage

(https://news.cgtn.com/news/2020-10-30/Officials-outline-China-s-development-roadmap-at-new-stage-V0qHUKueT6/index.html )

China unveils blueprint to become global leader in innovation

(https://news.cgtn.com/news/2020-11-04/China-unveils-blueprint-to-become-global-leader-in-innovation-V8ymvHioog/index.html )

Pudong should strengthen the dominant role of enterprises in technological

innovation and work more closely with other players in the Yangtze River Delta

region, he said, calling for breakthroughs in core components and the launch of

high-end products.

He also called on Pudong to initiate reforms in crucial areas and key links and

create a market-oriented, internationalized business environment.

The district should deepen institutional opening-up in rules, regulations,

management and standards to enhance its strengths in international cooperation

and competition, he said.

The new Lingang area of the China (Shanghai) Pilot Free Trade Zone, launched

last year, should make more efforts in stress testing and achieve breakthroughs

in a number of key areas, said Xi.

Role in global resource allocation

It was Xi's second speech to mark major milestones of China's reform and

opening-up during the past month. In mid-October, Xi visited Shenzhen in south

China's Guangdong Province and attended a gathering to celebrate the 40th

anniversary of the establishment of the Shenzhen Special Economic Zone,

(https://news.cgtn.com/news/2020-10-14/President-Xi-addresses-Shenzhen-SEZ-40th-anniversary-celebration-UzNg2ywG9a/index.html ) urging the city to deepen

all-round reform and expand opening-up on all fronts.

Shengzhen and Shanghai have been at the forefront of China's reform and

opening-up over the past decades. The two cities are also homes to the only two

stock exchanges on the Chinese mainland, playing irreplaceable roles in

resource allocation for the world's second largest economy.

As China strives to nurture a new development pattern that takes the domestic

market as the mainstay while letting domestic and foreign markets boost each

other, the roles of Shenzhen and Shanghai are becoming even more significant.

Xi called for efforts to improve Pudong's capabilities in global resource

allocation so that it will better serve the establishment of the new

development pattern. Pudong should better coordinate resources in domestic and

foreign markets and enhance its global influence on mobilizing factors

including fund, information, technology, talent and goods, he said.

Pudong should strive to become a hub of the domestic market and a strategic

link of the domestic and foreign markets, he said. The area should also play a

leading role in the integrated development of the Yangtze River Delta region, he added.

The president also urged Pudong to establish an international financial-asset

trading platform, develop a higher-level headquarters economy and build itself

into an important hub of global industrial, supply and value chains.

Meanwhile, Xi called for modernizing urban governance and building the district

into a beautiful home where people and nature coexist in harmony.

On April 18, 1990, China announced the development and opening-up of Pudong, a

less developed area located east of the Huangpu River in Shanghai.  

Pudong's regional GDP has increased more than 210 times over the past three

decades. The district now contributes nearly one-third of Shanghai's GDP. It is

home to over 1,000 financial institutions, over 300 regional headquarters of

multinationals and more than 240 foreign-invested R&D centers.

SOURCE: CGTN