Ying Yong: Shanghai and Government

ying yong: Which will be the next star project in Shanghai after Tesla Global robotics giant ABB is one overseas company mentioned by Ying Yong, mayor of Shanghai, in the government work report released on Sunday morning during the city's two sessions, as he called the roll of several projects that the government will push for construction this year, according to Global Times China. ABB earlier revealed its plans to the media, saying that it's planning to establish a plant in Shanghai using robots to produce robots, according to a report by yicai in October. Photo VCG Many more overseas companies will follow in the steps of Tesla to set up plants in Shanghai once they see how the US carmaker benefits from the city's policy bonus, as the Shanghai municipal government opens markets to overseas investors with the continuous launch of new policies, experts said on Sunday. ABB didn't disclose its Shanghai plant's current status as of press time. Shanghai will also speed up mass production of major domestic industrial projects like Semiconductor Manufacturing International Corp and Everdisplay Optronics' second phase, Ying disclosed. The other two companies mentioned by Ying are Shanghai-based biomedical firm Haohai Biological Technology and ACM Research, also based in Shanghai, reported the Shanghai Securities News over the weekend. (news.financializer.com). As reported in the news.