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Shanghai leaders at IBLAC invite multinationals to plant roots in city

By YUAN SHENGGAO ( China Daily Global ) 2021-10-26

Supporting sustainable growth

At the IBLAC, the construction plan of five new towns in Shanghai during the 14th Five-Year Plan has been touched upon many times by companies.

Centering on the central area of Shanghai, and from northwest to southeast, the five suburbs are Jiading, Qingpu, Songjiang, Fengxian, and Nanhui districts in Pudong New Area.

According to the city's 14th Five-Year Plan and Long-Term Vision for 2035, the number of permanent residents of the five suburbs will reach about 3.6 million by 2025, with the GDP in each suburb hitting 1.1 trillion yuan.

" I applaud the Shanghai municipal government's attention to the green investment and green finance aspects in the early-stage development of the five new towns," said Gupta.

George R. Oliver, chairman and CEO of Johnson Controls, proposed that Shanghai set higher sustainability goals for the five new towns, promote net-zero energy buildings and take a result-oriented approach in bidding for service suppliers, to ensure new projects meet targets.

Peter Voser, chairman of Swiss technology and engineering company ABB, suggested that joint research and pilot projects on sustainability led by the government and leveraging the synergies of various market players, be carried out as they have the power to accelerate the application of innovative technologies and promote sustainable development.

Executives from companies such as HSBC, Danfoss Group and Sumitomo Mitsui Financial Group were also invited to share their opinions on green transition and digitalization. .

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