1.Economic Aggregate
In 2020, the GDP was 232.308 billion yuan, indicating a year-on-year growth by 1.1pct if calculated in terms of comparable prices, and the general public budget revenue was 25.014 billion yuan, up 1.0pct from the level in the previous year. In 2020, the total investment in fixed assets was 29.999 billion yuan and the total tax revenue was 68.585 billion yuan. The tax revenue of the tertiary industry represented by the modern service industry was 65.866 billion yuan, accounting for 96.0pct of the total tax revenue.
2.Industry Features
Jing’an District boasts West Nanjing Road Sub-district that is one of the top CBDs, and Shibei High-tech Industrial Park that is a successful case of the transformation of the central area, agglomerates the two municipal-level business blocks such as West Nanjing Road and Daning, and the district-level business blocks such as Caojiadu and Suhe Bay. Jing’an District enjoys complete service economy industrial chain, obvious gradient development between the north and south, abundant business types, and complete industrial types. In particular, headquarters economy, building economy and export-oriented economy have scored the joint and vibrant development. Jing’an District has gathered numerous high-end business and commercial buildings such as Kerry Center, Wheelock Square, Hang Lung Plaza, Meilong Town Square, CITIC Pacific Plaza, Intercontinental Shanghai Puxi Hotel, Joy City, and Kerry Everbright City. In 2020, the tax revenue of buildings accounted for 65.0pct of the total of Jing’an, with 70 buildings generating annual tax revenue of 100+ million yuan and nine generating monthly tax revenue of 100+ million yuan. The outstanding building economy has attracted 88 multinational corporations or their regional headquarters, and many international enterprises. In 2020, the tax revenue generated by the foreign-funded corporations was 36.084 billion yuan, accounting for 52.6pct of the total of the whole district.
3.Modern Service Industry
Various Brands in Business and Service Industries
Special business streets are radiating from West Nanjing Road. For instance, the famous Wujiang Road Leisure Block was evaluated as “Chinese Featured Business Block” in 2012, and North Shaanxi Road that gathers a number of Chinese time-honored brands was evaluated as “No.1 Chinese Time-honored Street in Shanghai” by China General Chamber of Commerce’s Time-honored Brand Work Committee in 2009. In addition, Hang Lung Plaza, Kerry Center, Westgate Mall, CITIC Pacific Plaza, Jiuguang Department Store, and Réel have become the symbols of high-end commerce. In 2020, the tax revenue generated by the commercial and trade service industry was 21.584 billion yuan.
Headquarters Agglomeration of Professional Service Industry
Professional service industry is the key for Jing’an to make contribution to the construction of “five centers” and “Shanghai Service” synonymous with being innovative and highly efficient. The efficient and open market environment has attracted foreign professional service enterprises in legal service, accounting and auditing, business consulting, investment management, human resource, inspection and testing, and formed “China Shanghai Human Resource Service Industrial Park” and the first “China Public Inspection and Testing Service Platform Demonstration Zone”. In 2020, the tax revenue generated by the professional service industry was 10.824 billion yuan.
Innovative Expansion of Financial Service Industry
In Jing’an District, there exist a dozen of security enterprises such as Guotai Jun’an and Everbright Securities, and a number of financial enterprises such as JPMorgan, SAICFC and Ping’an Asset Management. To adjust financial structure, and positively explore new finance structure, some innovative financial institutions such as Christie’s, Surfview Capital, Star Hill Resort & Residence, Citadel Overseas Investment (one of the first few QDLP enterprises in Shanghai). In 2020, the tax revenue was 10.809 billion yuan.
Increasing Influences of Creative Cultural Service Industry
Shanghai University International Film and Television Industrial Park, which is the cultural creativity industry highland with post production of film and television as the core, will promote cultural prosperity and development of Shanghai. Jing’an Cultural Creativity Industry Agglomeration Belt, with Changping Road as the axis, has basically formed fashion and creativity industry agglomeration effect in domestic and foreign fashion brand consumption, R&D design, and display & release of new products. Weihai Road Cultural Media Street relying on two powerful cultural media groups SMG and Shanghai United Media Group as the focus, it will continuously attract international media and advertising enterprises. Modern Drama Valley, with the line from Nanjing Road to Huashan Road as the central axis, has formed domestic famous modern drama agglomeration area. In 2020, the tax revenue generated by the cultural creative service industry was 3.165 billion yuan.
Vigorous Development of Information Technology Industry
Relying on existing resources such as Shanghai Cloud Computing Industrial Base, Big Data Industrial Base, National Digital Media Industrial Base and China-made Basic Software Base, Jing’an has attracted lots of leading enterprises, and scored agglomeration development in big data, cloud computing, and rail transit signal industry. In 2020, the tax revenue generated by the information technology industry was 4.303 billion yuan.
A single purchase
