China's Leap | Foreign Investment Fuels Shanghai’s Growth

Foreign enterprises are thriving in Shanghai’s open, innovative environment. In Lujiazui, they make up one-seventh of firms but contribute nearly half of tax revenue. Platforms such as the Hongqiao Import Hub help foreign brands enter China, while cross-border e-commerce at Pudong Airport grew 30% in 2024. New logistics models like the Yangshan–Haining “linked unloading” cut costs and boost trade, strengthening Shanghai’s global business hub status.(Photo provided to China Youth Daily)

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By Fu Rui, Ye Baolu(intern), Wei Qimeng/ China Youth Daily