Shanghai Launches 8 Major and Extraordinary Projects to Stimulate Development Kinetics

2022-09-22

At the summary of the results of Shanghai's "Tide Pouring Pujiang" activity and the conference on major and major projects held on the 20th, Shanghai launched eight major and major projects for domestic and foreign investors, with a total investment of about 1.8 trillion yuan, aiming to stimulate momentum from all aspects, promote investment to stabilize the economy, and let domestic and foreign investors share Shanghai's development opportunities. The eight major and major projects released include: Pudong Comprehensive Transport Hub, new municipal railway and existing railway reconstruction projects, a new batch of rail transit construction projects, Yuanyuan Sea offshore wind power demonstration projects, ecological park belt around the city, a new batch of affordable housing construction projects, a new batch of old and urban village reconstruction projects, drinking water safety and quality improvement projects. These projects involve infrastructure, new energy, livelihood security and other fields, which are related to the high-quality development of Shanghai in the future and have long-term benefits. In order to implement the requirements of "preventing the epidemic, stabilizing the economy and ensuring the security of development", Shanghai has made every effort to play the role of investment as an important driving force for economic recovery and revitalization. Since the middle of June, the series of activities of "Tide surges the Pujiang River" have accelerated the revitalization of Shanghai's economy. 597 major projects have been signed, with a total investment of 941 billion yuan; 296 major projects were started, with a total investment of 602.9 billion yuan, and the amount of financial credit issued reached 536.6 billion yuan. Since the launch of the series of activities of "Tidal Pujiang", a number of action plans in the field of new track and new kinetic energy, characteristic industrial parks and industrial maps have been released. The launch of a series of activities such as the docking and cooperation between central enterprises, the introduction of new city functions, the docking of major projects with financial institutions, and the "cloud investment promotion" and "cloud contract signing" in various districts promoted economic development, promoted the improvement of people's livelihood, and led the growth of fixed asset investment in Shanghai in July and August, respectively 8.7% and 9.9% year on year. (Liu Xinshe)

Edit:Yi Bing    Responsible editor:Wei Li Bin

Source:People's Daily

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