On May 19, Chengdu Yuefan Innovation Technology Co LTD signed an agreement with Baoshan District of Shanghai to locate its innovation headquarters in the city. This is a national high-tech enterprise born in Chengdu, grew up in Chengdu, the largest provincial investment.

On the same day, Chengdu also welcomed the “first time” for Shanghai to hold investment promotion in the western Sichuan and Chongqing regions, and set up a designated investment service agency in Chengdu.

Shanghai is the largest economic center city in China and has been a key city for attracting investment from Sichuan and other western regions. The Shanghai west to “retrograde” investment, revealed what signal? What does it mean for Sichuan?

“Retrograde” investment, Shanghai to Sichuan to recruit what?

Let’s take a look at the enterprises participating in the investment promotion activity on the same day. There are more than 200 key enterprises, mainly concentrated in advanced manufacturing industries such as biomedicine, electronic information and intelligent manufacturing. On the other hand, Baoshan District and Jinshan District of Shanghai are the main areas to promote investment, which are important bearing areas of Shanghai industry and are trying their best to promote industrial transformation.

It can be seen that Shanghai focuses on the high-end manufacturing industry. Shanghai is China’s leading manufacturing city, and in recent years has sought to revive it. Just a few days before Shanghai came to Sichuan to attract investment, the city issued a three-year action plan to promote high-quality development of manufacturing industry. It is a footnote that Shanghai, as an international financial center, has chosen to revive the manufacturing industry and promote the development of the real economy.

On the day of the signing, Shanghai attracted more than 5.2 billion yuan of investment, and Baoshan District enjoyed a good harvest, with a total of six projects signed, mainly in the fields of biomedicine, robotics, new energy and information technology.

Wang Dong, director of Shanghai Investment Promotion Service Center, said Baoshan and Jinshan districts have rich enterprise resources and core technologies in biomedicine, advanced materials, intelligent manufacturing, information technology and other industrial fields, which are highly related and highly complementary to key industrial fields in Sichuan and Chongqing.

If we say, the factor cost in the western region is the main factor to attract enterprises to build factories. What, then, does Shanghai depend on in the east?

Signed Sichuan-Chongqing enterprises talked about the “market”. “Shanghai has a bridgehead effect that no city can match.” Wang Hao, founder of Zerotec (Chengdu) Technology Co., says that because the company focuses on developing medical devices, Shanghai’s market clout can help it spread its products nationwide and even overseas. Huang Shan, CEO of Chengdu Yuefan Innovation Technology Co., LTD., which focuses on developing and manufacturing robots, has reached a cooperation agreement with Baoshan District. Shanghai is currently the largest market for companies in the development stage, said Huang. In addition, the “24 New policies” issued by Shanghai last month offer both “real money” and a better business environment.