This year marks the conclusion of the “14th Five-Year Plan”. On the 20th, it was learned from the first press conference in a series on the achievements of Shanghai’s “14th Five-Year Plan” that Shanghai’s Pudong achieved a regional GDP of 1.78 trillion yuan in 2024, with a per capita GDP of 43,100 US dollars. Despite accounting for only 1/8000 of the country’s land area, it generated 1/76 of the national GDP and 1/17 of the total national import and export volume of goods.

That day, the achievements of Pudong during the “14th Five-Year Plan” period were introduced, which included sustained growth in overall scale. In 2024, there were five indicators reaching the trillion-yuan level: regional GDP of 1.78 trillion yuan (RMB, same below), 1.34 times that of 2020, accounting for 32.9% of Shanghai’s total; industrial output value above designated size of 1.32 trillion yuan, 1.27 times that of 2020, accounting for 33.6% of the city’s total; operating revenue of service industries above designated size of 1.25 trillion yuan, 1.61 times that of 2020, accounting for 21.2% of the city’s total; total import and export volume of goods of 2.61 trillion yuan, 1.25 times that of 2020, accounting for 61.1% of the city’s total; and total sales of commodities above the designated threshold of 5.88 trillion yuan, 1.34 times that of 2020, accounting for 37.3% of the city’s total.

Pudong has an early layout, strong agglomeration, and robust capabilities in the three leading industries of integrated circuits, biomedicine, and artificial intelligence. During the “14th Five-Year Plan” period, Pudong continued to strengthen its function of leading high-end industries, focusing on building world-class industrial clusters in these three leading sectors. In 2024, the scale of Pudong’s three leading industries reached 832.3 billion yuan, accounting for 46% of the city’s total, with an average annual compound growth rate of 11.7% over the past three years.

14th Five-Year Plan

The “14th Five-Year Plan” is not a physical place or cultural site, but rather a strategic blueprint for China’s national development. It was a policy initiative covering the years 2021 to 2025, outlining economic and social goals for the country. Its history is rooted in China’s long-standing practice of using five-year plans to guide its modernization and growth since the 1950s.

Shanghai

Shanghai is a major global financial hub and China’s largest city, which grew from a small fishing village into a significant port following its forced opening to foreign trade after the First Opium War in 1842. Its iconic skyline, including the Bund’s historic colonial-era buildings and Pudong’s modern skyscrapers, reflects its unique blend of Eastern and Western cultural influences.

Pudong

Pudong is a modern financial and commercial district in Shanghai, China, which was primarily agricultural land until the 1990s. Its rapid development was spurred by China’s economic reforms, transforming it into a global hub symbolized by its iconic skyline, including the Shanghai Tower and the Oriental Pearl Tower.