September 12, 2019

FTZ bonded area to push development of emerging industries

The Shanghai Free Trade Zone Bonded Area will actively promote the development of emerging industries, such as Artificial Intelligence and 5G technologies, in tandem with the World Artificial Intelligence Conference held in the city.
The FTZ Administration Committee will take a series of measures to accelerate the transformation and upgrade of the regional economy. The bonded area will be built into a technological highland fully covered by 5G network and various AI application scenarios.
According to latest statistics, there are currently 85 high-tech enterprises in the bonded area, covering AI, biomedicine, information technology, new material and other fields.
Scientific innovation centers, including the Shanghai FTZ International Biomedicine Innovation Center and the Waigaoqiao Fudan University Science Park Innovation Center, are running smoothly in the FTZ.