Shanghai Becomes the Preferred Destination for Global Enterprises as 15th Five-Year Plan Approaches

Shanghai: A Business Safe Haven

As China prepares for its upcoming 15th Five-Year Plan for 2026-2030, Shanghai has established itself as the go-to destination for foreign enterprises seeking a foothold in the Chinese market. Over the past five years, Shanghai witnessed a remarkable inflow of overseas investment, totaling $100.33 billion during the 14th Five-Year Plan. This surge highlights the city’s attractiveness as a vibrant business environment that fosters innovation and growth.

Numerous global companies have chosen Shanghai to anchor their business operations. For instance, Suzano, a leading producer of market pulp, has significantly expanded its presence in the city, serving as its regional headquarters and establishing an Asia Innovability Hub. According to Pablo Machado, global executive vice-president of strategy and Asia business at Suzano, Shanghai's advantages include an extensive network of resources, a skilled workforce, and supportive policies that facilitate business operations. The city's elite educational institutions and a well-connected industrial ecosystem enable companies to tackle challenges proactively while meeting the demands of a competitive market.

Plansee, a manufacturer specializing in refractory metals, has also made Shanghai its base since 2000. The company's journey in Shanghai has seen continuous growth, with recent expansions in the Lingang area. Richard Cheung, managing director of Plansee Shanghai, emphasizes the importance of Shanghai’s location within the Yangtze River Delta and its proximity to innovative industries, which foster close collaborations and help meet the evolving needs of high-tech clients.

The upcoming Five-Year Plan presents a historic opportunity for various sectors to thrive. For instance, Pierre Fabre Pharmaceuticals has announced its plans to align its operations with Shanghai’s development strategy, taking advantage of the city’s openness and focus on innovative drug access. Senior director Zheng Hongshu highlighted the importance of continued cooperation with local academia and research centers to propel advancements in areas such as oncology and skin health.

Moreover, Shanghai's commitment to sustainability resonates with the goals of many enterprises, including Suzano’s focus on environmental initiatives. The city is likely to provide clear guidance on green development policies, aligning with Suzano's