Admitting economic turbulence ahead, Shanghai Mayor Gong Zheng exuded confidence after the city beat its growth target for the year, amid stepped-up efforts to draw foreign investment. The mayor said more landmark deals similar to Tesla’s Megapack energy-storage plant and Boston Scientific’s biotech factory are in the pipeline, which will bolster the local economy and burnish Shanghai’s image as an investment magnet. “Global investors are constantly increasing investment, delivering votes of confidence to Shanghai,” he said at a media briefing on Sunday, after the close of the annual International Business Leaders’ Advisory Council meeting. “Shanghai remains one of the top choices for foreign investors to do investment and build their supply chains.” (ICE PECHINO)

Fonte notizia: China Daily