2016 was an important year for Shanghai to build a globally influential science and innovation center, with a gradual increase in resource allocation capacity, a significant increase in the proportion of basic research spending, an optimized structure of R&D spending, and the maintenance of active technology transactions, Shanghai's key S&T innovation indicators developed well. In this issue, we will explore Shanghai's key S&T indicators and explore new paths for the future development of S&T in Shanghai.

The report points out that the scale of investment in science and technology in Shanghai has further expanded and continues to maintain a rapid growth trend, Shanghai's R&D investment continues to maintain steady growth, the structure of R&D expenditure is continuously optimized, and the proportion of basic research expenditure in R&D expenditure has increased significantly.

With the increasing improvement of Shanghai's technology transfer policy and the accelerating concentration of excellent technology transfer intermediary service providers, theShanghai technical trading remains active.2015Number of Technology Transaction Contracts in Shanghai22513Items, total contract turnover707.99In the past few years, technology transactions in the fields of electronic information, biomedicine, medical devices and intelligent manufacturing have been more concentrated and active.

The report points out that Shanghai has accelerated the construction of a science and technology innovation center with global influence, and that Shanghai's science and technology innovation capabilities have made great strides. The 2016 Asia-Pacific Knowledge Competitiveness Index shows that Shanghai ranks fifth in knowledge competitiveness, first in the country in the 2015 China Regional Science and Technology Progress Evaluation Report, and fourth in the overall ranking of innovation capacity in the 2015 China Regional Innovation Capacity Report.

In the just released "2016 Shanghai Science, Technology and Innovation Center Index Report" said that the Shanghai Science, Technology and Innovation Center Index has shown a steady growth trend for six consecutive years, and the construction of the Shanghai Science, Technology and Innovation Center is off to a good start and the results are beginning to show.

Image credit: Shanghai Science and Technology Progress Report 2016