Shanghai government published its service-sector "15th Five-Year" plan, urging
firms with international and domestic supply-chain capabilities to set up global
supply-chain management centers in the city and to cultivate bulk-commodity
trading firms offering integrated procurement, distribution, processing, storage
and delivery services. The plan calls for upgrading national foreign-trade
transformation bases and import-trade promotion innovation demo zones,
accelerating new trade forms—service trade, digital trade, cross-border
e‑commerce and offshore trade—and building bonded-zone digital application
scenarios and national service-trade innovation demonstration zones. It directs
the Oriental Hub international business cooperation zone to pilot service-trade
innovation and seeks to boost Shanghai's global resource-allocation capacity by
encouraging commodity trading platforms to broaden product suites, expand
functions and promote linkage between commodity futures, spot and derivatives
markets. The plan also tasks expansion of overseas comprehensive service
networks to raise firms' outbound platform capabilities and further upgrades the
China (Shanghai) International Trade Single Window with smarter services.
