Everyone knows about the vitality and dynamism of Shanghai's economy, but they may have little idea about the following facts:The largest group of "\\;tenants"\\; of office buildings in Shanghai is not those upend financial institutions, but technology, media and communications companies that represent new drivers of economic growth\\; Shanghai takes the national lead in “robot density”\\; and the Shanghai-based China Carbon Emission Trade Exchange has become the largest "\\;carbon seller"\\; in the world right upon its launch……From these seemingly inconspicuous economic metrics, one can well feel the strong pulse of Shanghai's economy, see its software and hardware strengths in intelligent manufacturing, and experience the immense vitality of coordinated green and low-carbon development in the city - Shanghai truly lives up to its reputation as an economic hub.Companies in emerging industries become the largest group of "\\;tenants"\\; of office buildings in ShanghaiAccording to a DTZ research report, there was a strong rebound in office building rental demand in Shanghai in 2021, with the leased office floorspace hitting a new high. The booming office building market stems from the accelerating momentum of economic growth drivers, which reflects the ongoing changes in Shanghai’s economic structure and industrial landscape.In the past, financial institutions were the "\\;undisputed leader"\\; in Shanghai’s office building rental market. However, they were replaced by TMT companies in 2021. Workers in technology, media and communication industries became the largest group of office building tenants in the city.The reason behind this is the fast rise of Shanghai's new economic growth drivers.In recent years, Shanghai has vigorously developed what is called the "\\;3+6"\\; new industrial system, which consists of the 3 leading industries of IC, biomedicine and AI, as well as the 6 key industries of electronic information, healthcare, automobiles, high-end equipment, advanced materials, and trendy consumer goods. The ongoing changes in the office building market landscape have essentially benefited from the continuous progress in Shanghai's "\\;3+6"\\; new industrial system.In 2020, the financial industry’s share of Shanghai’s incremental demand for office building space was 4 percentage points higher than that of the TMT industries. However, their positions reversed in just one year, with the TMT industries surpassing the financial industry by nearly 7 percentage points. This was driven by TMT enterprises’ ample funds and the fast-growing TMT industries.Through the economic "\\;barometer"\\; of the office building market, one can easily feel the strong pulse of Shanghai's economic growth. In the future, technology, new media, financial services, and special services will remain the main drivers of market demand. Besides, as strategic emerging industries and new economic industries such as advanced manufacturing and new retail continue to gain momentum, the demand for office space rentals in Shanghai will be on constant rise.Shanghai takes the national lead in robot densityIn Shanghai, there are not only "\\;super automobile plants"\\; where hundreds of robots are busy building cars on the production lines, but also "\\;super robot plants"\\; where robots are made by robots.In February 2022, five intelligent plants in Shanghai were designated as “National Intelligent Manufacturing Pilot Demonstration Plants”. As the first robot-making-robot intelligent plant built and put into operation in Shanghai, STEP’s super robot plant is one of them. Currently, the STEP plant has an annual production capacity of 10,000 industrial robots, which are used in 3C electronics, welding, palletizing, rubber tires, and other industrial fields.Robot density is an important metric to measure the level of intelligent manufacturing in a city. Shanghai has the largest industrial robot industry in China, with a density of 383 robots per 10,000 workers in key industries and of nearly 1,000 robots per 10,000 workers, far above the national average of 246 robots per 10,000 workers in the country.As an important robot city in China, Shanghai is striving to become the first city in the world to release the robot density index. Behind the pioneering efforts is Shanghai's years of hard work in the field of intelligent manufacturing. In Shanghai, a series of factors including policy, technology, talented minds and capital are combined into a whole package to constantly inject new vitality into the local robot industry. &\\;nbsp\\;As far as the development of the manufacturing industry is concerned, digital transformation is no longer an "\\;option"\\;. It has rather become a “must” for survival and long-term development. According to the plan, Shanghai is to achieve an output value of RMB 700 billion in its high-end equipment industry by 2025, with the further popularization and application of new intelligent manufacturing modes and the further rise in the digitization of plants. In all, more than 40 municipal-level high-end intelligent equipment plants will be built.Shanghai becomes the world's largest carbon trading market and launches "\\;Shanghai Carbon"\\;On July 16, 2021, the China Carbon Emission Trade Exchange was officially launched, with its trading center located in Shanghai. From "\\;Shanghai Gold"\\; to "\\;Shanghai Oil"\\;, the "\\;Shanghai price portfolio"\\; now has a new member - "\\;Shanghai Carbon"\\;.The first group of more than 2,000 key emitters from the power generation industry that are included for market trading cover an annual greenhouse gas emission of over 4 billion tons. This means that right upon its launch, the Shanghai-based China Carbon Emission Trade Exchange was already the largest carbon market in the world in terms of greenhouse gas emission size.From the Shanghai Gold Change which enhances the say of renminbi&\\;nbsp\\;in gold pricing to the Shanghai Petroleum &\\; Natural Gas Exchange which marks an important step in China's participation in the international crude oil pricing system and then to the China Carbon Emission Trade Exchange which focuses on controlling and reducing greenhouse gas emissions through the market mechanism, their successive landings in Shanghai marks the city’s solid steps to comprehensively implement China’s national carbon mission peaking and carbon neutrality strategy and proactively cultivate new industrial tracks of green and low-carbon development.The Shanghai Municipal Commission of Economy and Informatization has revealed that Shanghai is now vigorously integrating green development into the whole process of its social and economic development, and accelerating the establishment of a green and low-carbon industrial system consisting of high-end energy industries, energy conservation and environmental protection industries, and cleaner production industries. Shanghai is now home to over 80 enterprise technology centers on new energy, 3 manufacturing innovation centers, and more than 100 innovation platforms, all of which provide broad space and opportunities for the development of the new energy industry and related industrial chains.Shanghai Petrochemical, a traditional energy-consuming petrochemical enterprise in many people’s minds, is now proactively promoting the research and development of carbon fiber technologies in the hydrogen storage field, aspiring to forge ahead along the two tracks of "\\;new materials"\\; and "\\;new energy"\\; side by side. It has even produced a "\\;coat"\\; of carbon fibers for the "\\;Flying"\\; torch of the 2022 Beijing Winter Olympic Games. Envision Group, a green technology company that has set its global headquarters in Shanghai, is taking the city as its "\\;base camp"\\; to invest in, cultivate and incubate all kinds of advanced technologies for carbon measurement, reduction, control&\\;nbsp\\;and carbon fixation……In Shanghai, traditional enterprises are seeking green development and transformation, while emerging enterprises explore the "\\;carbon"\\; field for business footholds. As a fertile land, Shanghai is planting one seed after another for coordinated development between man and nature and between ecology and economy, and is proactively making efforts to enhance their vitality and support their growth. With the passage of time, all the efforts will pay off.Source: Yao Yujie, Wang Moling, Zheng Juntian and Gong Wen, Xinhua News Agency