China’s Urban Boom — (Part 10) Building A Century in Fifteen Years

CITIES & THE WEALTH OF NATIONS

Shanghai, China — With a population of over 22 million, Shanghai is located in eastern China, at the middle of the Chinese coast, and sits at the mouth of the Yangtze River. Due to its rapid growth in the last two decades, it has grown into one of the world’s leading cities, exerting influence over finance, commerce, fashion, and culture. Shanghai aims to be a global finance hub and international shipping center of the future. Shanghai already has the world’s busiest container port and is predicted to become one of the world’s main global financial centers rivaling even London and New York.

Shanghai has constantly optimized and upgraded its industrial structure as well. Heavy industries accounted for 78% of the gross industrial output in 2009. China’s largest steelmaker Baosteel Group and Jiangnan Shipyard, one of China’s oldest shipbuilders, both headquarter themselves in Shanghai. Auto manufacture is another important industry, as Shanghai Automotive Industry Corporation (“SAIC” for short) is one of the top 3 automotive corporations in China. The company has a strategic partnership with Volkswagen and General Motors.

Today, Shanghai is again one of the most prosperous cities in the world. Its cosmopolitan character, sophisticated and affluent consumers, and highly educated skilled labor force make it very attractive to overseas investors. Shanghai has recorded double-digit growth for consecutive years since 1992. It hosted the World Expo in 2010, attracting 73 million visitors. It is described as the “showpiece” of the booming Chinese economy.

Click on each picture for larger image

Marvel at the growth and change: The Pudong Area of Shanghai 1990…

Pudong Area of Shanghai 2010…

Marvel at the growth and change: The Bund Area of Shanghai 1990…

The Bund Area of Shanghai 2010…

On With The Show! Shanghai…


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