Confidence in Future Development, Municipal People's Congress Representatives Review Government Work Report for the First Half of the Year: Shanghai's Resilient Economy | Representative | Shanghai

Release time:Apr 14, 2024 07:59 AM

Yesterday afternoon, the fourth meeting of the 16th Standing Committee of the Municipal People's Congress held a group meeting of representatives. The Municipal People's Congress representatives reviewed the work report of Mayor Gong Zheng on behalf of the Municipal Government for the first half of the year.

"The multiple economic data in the first half of the year were impressive, and the achievements were hard won." Representatives believe that the report comprehensively reflects the economic and social development status of the city in the first half of the year, while facing problems and shortcomings, pointing out that achieving the annual development goals requires more arduous efforts, and demonstrating the city government's pragmatic work attitude. Next, we must continue to comprehensively deepen reforms, promote high-level institutional opening up, and continue to be the vanguard of national reform and opening up, as well as the pioneer of innovative development.

Brilliant performance injects confidence into market entities

The report points out that with the joint efforts of all parties, Shanghai's economy accelerated recovery and the quality of development continued to improve in the first half of the year. Representative Cao Liqiang has a deep understanding of this. He said that at the beginning of this spring, we saw everyone busy attracting investment from all over the country and even overseas. In the first half of the year, the city added 31 regional headquarters of multinational companies and 13 foreign R&D centers. "In the first half of the year, Shanghai's economic development performance was impressive, with investment, consumption, and foreign trade all leading the country, reflecting Shanghai's strong economic resilience and laying a solid foundation for achieving the annual development goals."

"As a practitioner in the cultural and tourism industry, I truly feel that the economy is recovering from the increasing passenger flow." Representative Yuan Jian said that the passenger flow of some popular tourist attractions has approached or even exceeded the same period in 2019. He hopes that the government can maintain policy stability and continuity, and continue to inject confidence into market entities.

"The achievements made in the past six months reflect a good connection between a proactive government and an effective market." Representative Xu Minxu said that in order to better promote the economy, government departments should build more platforms to provide services and assistance for enterprises to participate in international competition when going abroad. "Some enterprises' products are actually very competitive in the international market, and the key is how to make them better able to go abroad." Representative Zhu Linhai suggested that laws should be included in the list of services provided by the government, and Shanghai's foreign-related lawyer team should be used well to ensure the "going out" of enterprises.

Several representatives pointed out that while the economy is recovering rapidly, there are still many industries and enterprises facing difficulties in operation. More and more effective measures should be taken to further help market entities overcome difficulties. Representative Liu Zhengdong said that the country and the Shanghai government have already introduced many good policies, and the top priority is to implement them effectively. Representative Wu Shaoyou suggested that the government should further deepen the reform of "streamlining administration, delegating powers, and improving services", create a more transparent rule of law based business environment, and effectively reduce the burden and release the vitality of small and medium-sized enterprises.

Firmly promoting high-quality development

While acknowledging the achievements, representatives also pointed out that the current Shanghai economy still faces difficulties such as weak endogenous driving force and overall weak demand. In order to achieve the annual economic development goals and tasks, it is necessary to deepen high-level reform and opening up and take the path of high-quality development.

The development of emerging industries has put forward higher requirements for land factor support. Representative He Dajun noticed that the report mentioned that greater efforts should be made to improve the efficiency of industrial land use, and a batch of planned land policies supporting industrial development should be tested first in Zhangjiang Science City. "For a mega city like Shanghai, efforts must be made to improve economic density. This land policy provides greater flexibility in planning and is believed to greatly promote the integration of industry and city." He called for the pilot scope to be expanded to the existing land of Zhangjiang Science City, and summarized the experience as soon as possible to promote it to the whole city.

Accelerating the realization of high-level technological self-reliance and self-improvement is the only way to promote high-quality development. Representative Gu Lun suggested that government departments should increase investment in hard technology and provide greater support to hard core enterprises that truly master core technologies. Some representatives also proposed that financial institutions should adjust their evaluation criteria and provide more support to technology innovation enterprises in financing. "Many financial institutions still only focus on the current profitability of enterprises, without considering the development prospects of the industry and the position of enterprises in the industry.".

As a core element of technological innovation, talent is a topic of much discussion among representatives. In the view of representative Yu Baoqing, in order for Shanghai to gather talents from all over the world and use them, it must come up with truly attractive policies. "Attracting talents is not enough, we also need to do a good job in supporting them." Zheng Peiyun, the representative, said that Shanghai has introduced many high-level talents from overseas, but they cannot achieve results alone. Employers should match their teams and develop corresponding incentive mechanisms for them.

Careful use of emotions to ensure the improvement of people's livelihoods

Expand the supply of related public services such as "medical education, cultural and sports", implement the accessibility improvement project to provide greater convenience for the elderly and disabled, and further increase investment in the installation of elevators in multi story residential buildings and aging friendly home environment renovation The public opinion projects mentioned in the report have received full recognition from the representatives.

Representative Li Jiao noted that the report emphasized the need to complete the renovation of the "two old and one village" within 10 years of two governments, which fully reflects the determination of the Shanghai government to help residents improve their living conditions. As an entrepreneur, Pan Jing participated in the construction of some new elderly care beds. He said that during this process, he truly felt the urgent need for elderly care services and the efforts made by the government to improve the quality of life for the elderly.

"This report is particularly 'practical' for the next step of work arrangements, especially the action plan for the new round of people's hearts project." Representative Hu Xiaoli said that from the bustling vegetable market to convenient community canteens, from citizens exercising in Binjiang Park to musicians playing cellos on the streets, Shanghai's important concept of a people's city is reflected everywhere. "Confidence in a city comes not only from the improvement of economic data, but also from the little details of life that citizens feel around them. Creating a good environment around citizens is also a way to boost confidence."

Employment is the greatest livelihood. Since the beginning of this year, Shanghai has continuously strengthened its employment priority policy, and the overall employment situation in the city has remained stable. Representative Hu Xiamin said that there are still some college graduates facing significant employment pressure, especially some structural contradictions that still exist, and some enterprises are unable to recruit people. It is recommended that relevant departments accurately grasp the needs of all parties and provide more accurate employment assistance services such as career guidance and job training. Su Mei's representative believes that current grassroots governance requires more high-quality talents, which can guide graduates to work at the grassroots level and enrich the community worker team.

The full text is here. The "Several Provisions of Shanghai on Promoting the Development of Financial Leasing in Pudong New Area" will be implemented from October. | Medical Devices | Shanghai Municipality
The full text is here. The "Several Provisions of Shanghai on Promoting the Development of Financial Leasing in Pudong New Area" will be implemented from October. | Medical Devices | Shanghai Municipality

The Provisions of Shanghai Municipality on Promoting the Development of Financial Leasing in Pudong New Area, which were adopted at the 4th Session of the Standing Committee of the 16th Shanghai Municipal People's Congress on July 25, 2023, are hereby promulgated and shall come into force on October 1, 2023. Provisions of Shanghai Municipality on Promoting the Development of Financial Leasing in Pudong New Area Article 1 In order to promote the high-quality development of financial leasing in Pudong New Area, give full play to the function of financial services for the real economy, and promote the construction of the core area of an international financial center, these Provisions are formulated in accordance with the basic principles of relevant laws and administrative regulations and in the light of the actual conditions of Pudong New Area. Article 2 These Provisions shall apply to the promotion of development, management services and other activities of financial leasing companies whose domicile is in Pudong New Area. Article 3 The People's Government of Pudong New Area shall establish a financial leasing industry to promote development and coordinate supervision and management.

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