Shanghai lays out plan to boost digital economy, catch up with Beijing, Shenzhen

Shanghai has issued plans to boost its digital economy by doubling down on sectors including blockchain technology and AI infrastructure, as it steps up efforts to compete with other Chinese tech hubs such as Beijing and Shenzhen.

In a new five-year plan for building “digital Shanghai”, the municipal government said on Wednesday that it aimed to promote the use of blockchain technology across various fields of the economy, including financial services, shipping and logistics, and green...