Shanghai maps global financial hub plan to 2035, for world-class and socialist metropolis

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Shanghai has announced plans to become a world-class, socialist metropolis and a leading global financial center by 2035. The city released proposals for its 15th five-year plan (2026-2030), dedicating a chapter to financial center development. This initiative follows a recent push from China's central leadership to accelerate Shanghai's growth as an international financial hub, a goal not explicitly stated in previous national five-year plans. In addition to finance, Shanghai aims for advancements in artificial intelligence, chips, shipping, and advanced manufacturing. The city intends to lead and drive Chinese-style modernization nationally.
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