Pudong covers an area of about 350 square kilometers, which refers to a triangular area east of the Huangpu River in Shanghai, southwest of the Yangtze River estuary and north of Sichuan Ocean. 1990 On April 18, the State Council officially announced the development and opening up of Pudong, and implemented the policies of economic and technological development zones and some special economic zones in Pudong.
After the development of Pudong, powerful multinational companies and Chinese and foreign financial institutions have set foot on this hot spot of reform and opening up, and foreign investment has increased year by year. An export-oriented, multi-functional and modern new urban area began to miraculously rise, and Pudong became an important symbol of China's remarkable achievements in reform and opening up in the 1990s.
Significance of Pudong development
Domestically, firstly, the implementation of Pudong's development and opening-up indicates that China's economic reform and opening-up has shifted from a regional experiment to a comprehensive deepening stage. Secondly, with the development and opening up as an important opportunity, China's manufacturing industry began to experience a rapid transformation from the traditional structure to the modern structure, and achieved the overall improvement of the national industrial development level.
From an international perspective, first of all, the development and opening up of Pudong has led to the agglomeration of advanced manufacturing industries in the Yangtze River Delta, enabling them to participate in contemporary international division of labor and industrial competition on behalf of the national level. Secondly, the development and opening up of Pudong provides a path and stage for revitalizing Shanghai and building the "four centers", enabling Shanghai to continuously strengthen its comprehensive service function and participate in the competition of world-class cities in the Asia-Pacific region and even the world on behalf of national interests.
Baidu Encyclopedia-the State Council approved the development of Pudong.