A total of 133 projects with a combined value of 110 billion yuan ($15.8 billion) would be launched throughout 2026 in Shanghai, with 33 projects each exceeding 1 billion yuan, according to official sources.

"Shanghai's industrial investment surged 20 percent year-on-year in 2025, which is 17.4 percentage points higher than the national average. Specifically, investment in the manufacturing sector soared 22.8 percent in comparison with a year ago," Xu Zhenhua, deputy director of the industrial investment division with the Shanghai Commission of Economy and Informatization, said during a news conference on Friday.

"During the 14th Five-Year Plan (2021-25) period, industrial investment in Shanghai grew at an average rate of 8.9 percent annually, and that of manufacturing investment rose at 9.7 percent per year," Xu said.

Regardless of ownership, various investments, be it State-owned, private, or foreign-funded, all achieved growth, Xu said. For example, driven by related investments, State-owned investment increased 31 percent year-on-year. Boosted by tailored policies in investment confidence, private investment grew rapidly at 14.7 percent. Despite external uncertainties, foreign investment achieved a growth of 6.2 percent in 2025.

In terms of industries, electronic information reported a rise of 45.6 percent, equipment surged 32.2 percent, and high-quality steel products maintained fast growth of 27.6 percent.

In key areas, such as integrated circuits, high-end equipment, intelligent manufacturing, and advanced materials, 127 projects, each valued at more than 100 million yuan, were launched last year. Additionally, 459 projects are under construction, and 174 projects have been completed.

"These projects provide solid support for Shanghai's industrial economy's fundamentals and are believed to become strong drivers for the city's future development," Xu said.