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May 19, 2012

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Major initiatives

- Adjusting economic structure...

Lift the added value of tertiary industries to 65 percent of Shanghai's gross domestic product. A new industrial system will take shape with modern service industries at its core. The system will also be led with strategic new industries and supported by advanced manufacturing industries.

Boost Shanghai's innovative capability, lift total spending on research and development to 3.3 percent of Shanghai's GDP.

Increase efficiency on energy consumption. Energy consumption per GDP unit, carbon dioxide emission, and pollutant emission should be further cut from the targets set in the Five-Year Plan that covers 2011 to 2015.

- Building Shanghai's economic status ...

Raise the city's status as an international economic center, further congregating multinational companies' regional headquarters.

Enhance Shanghai's function as an international financial center. Shanghai will be established as a center for yuan trading, pricing, and settlement.

Bolster Shanghai's capability as a world trading center, and speed up trading of services.

Complete the functions of Shanghai as an international shipping hub and improve the shipping service system.

- Urban development ...

Narrow the income gap and increase GDP per capita of permanent residents to US$20,000.

Expand social welfare.

Build 1 million units of government-funded housing and accelerate renovation of old and damaged houses.






 

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