Shanghai Aims to Become World Center by 2010

Home>>Business

Last updated at: (Beijing Time) Thursday, July 11, 2002

Shanghai Aims to Become World Center by 2010

The main frame of the city of Shanghai will be built into "four international centres" in terms of economy, finance, trade and shipping by 2010, thus increasing the gross domestic product (GDP) per capita to US$7,500 by 2007.

DISCUSSION

CHINESE

SEND TO FRIEND

Shanghai Port listed No. 6 in the World.

The main frame of the city of Shanghai will be built into "four international centres" by 2010, thus increasing the gross domestic product (GDP) per capita to US$7,500 by 2007.

Set by the State Council, Shanghai is to construct itself into the centre of international economy, finance, trade and shipping, which is the guideline of Shanghai's development.

Vice-Mayor and Deputy Party Secretary Han Zheng urged the municipal construction & management commission in a meeting held on Wednesday to realize the target of building Shanghai into "four international centres."

"The key to realizing the dreams of Shanghai is to make clear and implement sustainable and specific targets," Han said.

Shanghai Airports Listed the Busiest

The commission will be working out detailed plans to ensure the transfer and infrastructure construction run smoothly.

Big progress, grand scheme in city construction

In the first half of the year, the city utilized 91.4 billion yuan (US$11.07 billion) of investment in fixed assets and achieved a GDP growth rate of 10 per cent.

Key infrastructure construction and real estate development have consumed 55.6 billion yuan (US$6.73 billion) of investment, according to Zhang Huimin, director of the commission.

The infrastruction of the city has maintained a momentum and 23 key projects will be completed and nine news projects will begin at the end of the year.

"The trend must keep going to ensure the realization of Shanghai's grand scheme to gain a solid worldly position," Han said.

Han pointed out 10 major aspects that the commission has to focus on over the next five years.

The seaport tops the list. As required, by 2005, the capacity of the Shanghai port shall handle at least 10 million twenty-feet equivalent units (TEUs); by 2007, the figure is to be 12-13 million TEUs.

The Shanghai port must be strong enough to take part in international competition. By 2007, the Waigaoqiao area shall have prepared 12 berths and the soon-to-be-started Yangshan Deepwater Port has 10 berths.

In the first half of 2002, Shanghai port handled 3.84 million TEUs, achieving 31 per cent of growth on a yearly basis.

The second runway and the second terminal building of Pudong International Airport shall be completed by 2007, establishing Shanghai into a hub airport in the Asia-Pacific region.

"The present situation of the airport is too far away from that target," Han said.

The city also plans to ease traffic congestion with the building of a more efficient bus transport system along with a 780 kilometre stretch of railway and subway systems. By 2010, Shanghai will invest 100 billion yuan (US$12.1 billion) in this field.

Besides the improvement of the transport network, the renovation of the Huangpu River shall see significant progress by 2007 when the 7-square-kilometre key riverfront areas are in good shape.

The revamping of downtown areas and environmental protection projects are all topics that the commission aims to improve.

"This year 100,000 people will be relocated," Han said. "How to enable the residents to benefit concretely from our work matches well with the realization of our ambition."

Questions?Comments? Click here

Shanghai Harbours Grand Designs

China's Shanghai Opens First Business Airport Terminal

Shanghai Exports up 10.6 Percent in First Half of Year

Ways China's Wealth Flows into the US ( 35 Messages)

How to View Major Problems in China's Income Distribution System ( 2 Messages)

Shanghai Plans Asia's Biggest Shopping Center ( 89 Messages)

Iraq Vows to Foil Hostile US Plans ( 38 Messages)

Chinese Satellite TV Hijacked by Falun Gong Cult ( 28 Messages)

Economists Divide over China's 2002 GDP Prospect ( 2 Messages)