A Case Studies of Industrial Land Renewal Policy in Megalopolis Area—Guangzhou and Shenzhen in Pearl River Delta

The Pearl River Delta region is the frontier of China’s reform and opening up of the two megacities- Guangzhou and Shenzhen, have been faced with limitation of urban development land scale since the beginning of the twenty-first century. In order to tap potential of existing land resources, government in the two cities have promulgated policy documents for guiding urban renewal transformation since 2000. In this paper, it analyzed urban renewal policy documents (including regulations, rules, methods, etc.) of the two cities, compared key provisions related to not only industry instruction but also benefits distribution programs and mechanisms for industrial land renewal projects according to planning processes of specific projects. Based on the above research, it applied planning research method which is a combination of policy analysis and spatial analysis, and revealed function mechanism of policy implementation through industry adjustment and characteristics of projects in industrial land renewal. Finally, it was presented in the same context that the two cities- Guangzhou and Shenzhen had great differences in urban renewal policy system and the impact on specific project. But from the perspective of urban long-term development and spatial justice, they were both in the stage of realizing economic interests balance in urban renewal and had not assessed specific projects in terms of overall space fairness.