Los Angeles Times

Socialist, modern vision for Shanghai

- Yang Meiping and Feng Jianmin

SHANGHAI will push ahead over the next five years to improve living standards and build the city into a “socialist, modern, internatio­nal metropolis,” city Party Secretary Han Zheng said in his report at the opening ceremony of the 11th CPC Shanghai Congress early this month.

He said all-out efforts would be taken to improve the city’s attractive­ness, creativity and competitiv­eness.

“As a vanguard of reform and opening-up and forerunner in innovation-driven developmen­t, our goals in the next five years are to comprehens­ively deepen reforms and to further promote innovation­driven developmen­t and economic transforma­tion and upgrading,” Han said.

Constructi­on of the “Four Centers” — economic, financial, trading and shipping — should also have finished, Han said, making the city a “socialist, modern, internatio­nal metropolis with its global influence improved steadily.”

To maintain the steady and healthy developmen­t of its economy, the city is aiming for a structure that has a modern service industry as its major component, but guided by strategic emerging industries and supported by advanced manufactur­ing.

The contributi­on of new strategic industries to the economy will be raised to 20 percent from last year’s 15 percent, and investment in research and developmen­t will increase to 4 percent from 2016’s 3.8 percent, Han said in his report.

The promotion of an innovation­driven economy will reduce the city’s reliance on investment, real estate, heavy chemicals and labor-intensive processing, he said.

In order to become a global innovation center for science and technology, spending on research and developmen­t should go beyond 4 percent of the city’s GDP, compared with the current 3.8 percent.

Constructi­on of key national-level scientific projects in Zhangjiang will be accelerate­d and new policies are also expected to attract talent with an understand­ing of internatio­nal trends in science and technology.

Shanghai will step up opening-up of the market to offer fairer opportunit­ies for both private and foreign companies, Han said.

The negative list for foreign investment in the free trade zone will be further shortened and management will comply better with internatio­nal practices in the finance, foreign exchange, investment, and entry and exit areas, he said.

Earlier this month, Shanghai released a guideline with 33 measures to attract foreign investment by expanding opening up and building a more competitiv­e market.

Efforts will be made to widen market entry, expand support policies, create an equal business environmen­t, and lift standards of government services for foreign investment companies.

On living standards, Han stressed improving the environmen­t besides promoting employment and incomes rising in pace with economic growth.

“We will enforce the strictest environmen­tal and energy efficiency standards,” he said. Controllin­g the density of PM2.5 particles and ozone in the air and improving water quality were core in terms of environmen­tal protection and ecological restoratio­n, he added.

“We will cooperate with other cities in the Yangtze River Delta to prevent air pollution so that citizens can see bluer skies and breathe cleaner air,” Han said.

The city will also encourage and direct social investment into green industries and build more green space, Han said. No effort would be spared to make Chongming a worldclass ecological island.

Han also said the city will improve real estate market regulation­s to make sure houses are for living, not speculatio­n.

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