Shanghai on track to become world design capital

Shanghai Design Week (SHDW) announced during an event at London Fashion Week that by 2030 the Shanghai municipal government plans to develop the city into a world-class design capital. It estimates the total creative design industry’s output this year to be 1.6 trillion RMB (205.5 billion euros or 219.3 billion dollars) and has set a target to grow this to 2 trillion RMB by 2025 — an expectation of double digit growth annually. SHDW was created by The Shanghai Commission of Economy and Information Technology in 2013 to achieve this ambitious goal.