Pudong

I still need to go to Pudong at 12:30.

The first phase of construction may begin next year and would fill 80 hectares in Shanghai's Pudong development area. Shanghai is China's largest and richest city and considered a lucrative market for the country's fast-growing domestic tourism industry.

Where just 20 years ago there were rice paddies, now stands the new and ultramodern Pudong financial district and its imposing office towers. On Puxi, across the river, is the Bund, a collection of stately Art Deco buildings from the 1920s and '30s that call to mind old parts of New York or London.

Pudong is an important district of Shanghai. Over the past decade, it has made resounding achievements with its speedy economic development, which has in turn promoted the development of Shanghai as a whole and established its own position and image. Former Chinese leader Jiang Zemin praised Pudong as “an epitome of Shanghai’s modernization drive and a symbol of Chinas reform and opening-up.” As the Chief of Pudong New Area, I can proudly say that Pudong deserves such praise.

China will support the development of offshore yuan trading in Shanghai, and will explore yuan futures trading, as part of efforts to further reform and open up the city’s Pudong New Area, according to guidelines published on Thursday by China’s State Council, or cabinet.[...] China will also help Pudong become a high-tech hub, with a focus on areas such as semiconductor, life science and artificial intelligence (AI).