Allocation of resources set to be improved

TWENTY new measures issued by Shanghai government aim to improve the allocation of resources, and promote quality industrial development.

The 20 measures can be classified into seven parts. The first concerns the overall planning of Shanghai’s industry. Earlier in the month Shanghai released its industry map to guide development.

The second main part is a proposed resources usage evaluation system.

The system is based on the output efficiency of resources such as land, water, energy, and pollution emission, as well as the productivity of factors such as scientific innovation and labor efficiency.

Under the evaluation system industries with high resource efficiency will be rewarded in areas such as industry admission, land supply, finance and taxation, and electricity price.

The third main part focuses on transforming and upgrading existing industry with low output efficiency.

The government will first build up some key demonstration areas such as Lingang, Hongqiao, Shibo, Wujing, Gaoqiao, Nanda, Wusong, Taopu, and then gradually clarify transformation.