Shanghai Targets Top Three Global City Status

Shanghai's draft 15th Five-Year Plan (2026–30), unveiled at the municipal people's congress this week, sets an average annual GDP growth target of about 5 percent to push GDP beyond 7 trillion yuan by 2030 and aim for a top-three global city ranking. The plan raises R&D spending to over 5 percent of GDP, seeks core digital industries above 20 percent, and prioritizes AI, semiconductors, biomedicine and smart factories.
Scoring Rationale
Official municipal targets and clear sector priorities drive high impact, though the draft lacks detailed implementation and funding specifics.
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