The Shanghai government is returning its sights on the manufacturing sector as the new source of economic growth. It stressed that the focal point will be on high value-added manufacturing in sectors like biotech, new materials and semiconductor. Photo: AP

Not finance, but Shanghai banks on manufacturing to reclaim commercial supremacy

After Shanghai’s industrial output dropped 7 per cent in the first-quarter of 2016, officials knew they could not just rely on the service sectors for growth

Topic |   China economy

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The Shanghai government is returning its sights on the manufacturing sector as the new source of economic growth. It stressed that the focal point will be on high value-added manufacturing in sectors like biotech, new materials and semiconductor. Photo: AP
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