Shanghai, one of mainland China’s most wealthy and cultured global cities, is experiencing a temporary lapse of innovative ideas for its free-trade zone (FTZ).
The South China Morning Post reports on Shanghai Mayor Yang Xiong’s recent annual work report that promised to “introduce a series of new measures to expand the opening [of the zone],” established in the summer of 2013. However, Yang’s report partially prompted Shanghai Communist Party leader Han Zheng to ask themselves, “After 25 years of development, we now have economic power…[but] are we now more bound by red tape and convention?”
Some of Mayor Yang’s initiatives to further develop the FTZ include increased technological ventures such as robotics, smart technology, the encouragement of more home-grown patents. The push for robotics competitiveness is in line with Taiwanese Foxxconn chief Terry Gou’s prediction that robots are the wave of the future for the Chinese manufacturing industry.
By Sophia Solivio