Shanghai's Zhangjiang National Innovation Demonstration Zone has become a pharma valley with international appeal.
Shanghai recognized on Monday a new batch of multinational corporations that set up their regional headquarters or research and development centers in the city.
BMW and China's Alibaba have started operation of a joint innovation base in Shanghai.
Swiss international pharma and health giant Roche on May 18 officially launched a major initiative with the aim of consolidating and expanding its already considerable presence in China.
Walking past posh restaurants and fancy boutique stores in Xintiandi, one of Shanghai's most fashionable lifestyle hubs, one would eventually come across a red and gray-bricked two-story house.
Shanghai is consolidating its position as a hub for the online new economy, a year after the municipal government released a guideline to bolster the sector's development.
Martin Wawra, managing director of Voith Turbo China, has been living in Shanghai since 2011.
Shanghai will soon include residents aged 76 and above in its voluntary and free COVID-19 vaccination program.