Shanghai, a major economic powerhouse in China, will focus on fostering emerging pillar industries in 2026 to generate trillions of yuan in new industrial output, the municipal government said on Saturday, building on the city's robust industrial growth in 2025.
The total output of Shanghai's industrial enterprises above the designated size reached 4 trillion yuan (around 576.7 billion U.S. dollars) in 2025, the government said at a press briefing.
Shanghai plans to build a total of 500 advanced smart factories, achieve an industrial robot application density of 600 units per 10,000 workers, and establish 200 municipal-level or higher green manufacturing enterprises during the 15th Five-Year Plan period (2026-2030), according to the local government.
In the new global race of artificial intelligence, Shanghai holds four major strengths, namely, synergistic industrial clusters, a mega-city application landscape, a large talent pool, and a well-developed industry-finance integration system.
This year, the city will go all out to foster six emerging pillar industries, including next-generation electronic information, intelligent connected new energy vehicles, and high-end equipment, striving to create trillions of yuan in new industrial output, said the local authorities.
Shanghai eyes trillions in new output from emerging pillar industries
Polish citizens are feeling the squeeze of surging energy costs, as the conflict in the Middle East continues to roil the international energy market,
In Poland, rising fuel prices are gradually making their way into everyday life and the real economy. Many residents said higher energy costs are taking a heavy toll.
"I do think about this issue more and try to reduce my fuel consumption. Overall, everything happening right now is unsettling," said Pawel, a Warsaw resident.
"I really feel it. Prices have gone up a lot. We're trying to cope and can manage for now. Taxi fares haven't increased yet, but it's definitely getting harder," said Wiktor, another resident.
"Of course it has affected us. Because fuel prices have gone up, everything else is more expensive and costs more now," said Anita, another local resident.
Meanwhile, those working in the transport and service sectors said rising oil prices are directly impacting their businesses.
"The courier industry, like most taxi drivers, is soon going to face closure and be forced out of business. I used to drive international long-distance buses, and honestly, some people in that sector are also thinking about quitting," said Michal, another Warsaw resident.
Lukasz Goczek, a professor from the Department of Macroeconomics and Theory of Foreign Trade at the University of Warsaw, said the continued shipping disruptions in the Strait of Hormuz, a vital global energy corridor, could leave global energy prices elevated for a long time, heavily impacting the world economy.
"Iran has this huge leverage. It's got the whole world in a chokehold because 20 percent of oil that's transported in the world goes through the Strait. It obviously means that the price of energy is going to increase. We see it at the petrol stations," said Goczek.
Goczek also noted that U.S. and Israeli military actions against Iran have dealt a serious blow to the international order.
"I think that's pretty much, by now, the international law. If it's not that, it's definitely very, very illegal. There wasn't any reason for war. It just straightforwardly began without any warning. So it was much of a surprise. We need the international order to have peace, to prosper, to have trade," said Goczek.
Rising energy costs squeeze Polish households, businesses
