The General Office of the Shanghai Municipal Committee of the Communist Party of China and the General Office of the Shanghai Municipal People's Government issued a notice on the “Three-Year Action Plan for Urban Renewal of Shanghai”. Among them, it is pointed out that the construction of a number of key areas will lead the overall renewal and complex upgrading of the region, highlight the characteristics of the city, and create a core bearing area for the city's functions and an important growth pole for the city's comprehensive competitiveness. Formulate special plans for urban renewal, and implement no less than 300 renewal projects in key areas. Focus on improving people's livelihood, industrial upgrading, landscape preservation, and environmental optimization, and stimulate endogenous motivation in the urban renewal market through model innovation, resource gathering, and policy support.

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