Shanghai is moving to reposition itself in China's tech hierarchy with a new five-year plan for building a so-called "digital Shanghai," aiming to boost its digital economy and better compete with established innovation hubs like Beijing and Shenzhen. The municipal government announced the strategy on Wednesday.
The strategy centers on two infrastructure bets: blockchain technology and AI infrastructure. Rather than pursuing speculative applications, Shanghai's approach emphasizes deployment across established industrial strengths, embedding these technologies more deeply into the city's existing economic base.
According to the plan, Shanghai will promote the use of blockchain across various fields of the economy, with a particular focus on financial services, shipping and logistics, and green sectors. By pushing these tools into core industries, city officials are betting that a more pervasive digital layer can help Shanghai catch up with its rival tech centers.