Investment of Shanghai Pudong in Fixed Assets Will Hit a Record High to Keep Gro

Shanghai Pudong New Area, based on the estimated investment of the whole social fixed assets RMB85b this year, will be expected to hit a record high in vestment next year, reaching about RMB100b. The three key categories of projects to be invested are as follows: firstly, major infrastructures involving the supporting roads, railway traffic and cross-river tunnel of Huangpu River for Shanghai World Expo; secondly, major industrial projects involving hi-tech industrial projects including sunshine and moonlight semiconductors as well as business building projects with an area of 2.8 million sqm including the heart of Shanghai; thirdly, major social civil projects involving economically affordable housing, major project supporting commercial residential buildings, new socialist countrysides and new towns as well as a batch of practical projects.

The relevant responsible person expressed that investment will present two subjects of especially promoting transformation of economic development mode and focusing on improving people's livelihood, further perfect the investment structure and simultaneously intensify the force of supervision to guarantee the formation of virtuous cycle of investment.