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Shanghai -----
With a history of more than 700 years, Shanghai was once the financial center of the Far East. Since the reforms that began in the 1990s, great changes have taken place in the city. The municipal government is working towards building Shanghai into a modern metropolis and into a world economic, financial, trading and shipping center by 2020.
With a history of more than 700 years, Shanghai was once the financial center of the Far East. Since the reforms that began in the 1990s, great changes have taken place in the city. The municipal government is working towards building Shanghai into a modern metropolis and into a world economic, financial, trading and shipping center by 2020.
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Shanghai (Chinese: 上海) is the largest city in China in terms of population and one of the largest metropolitan areas in the world, with over 20 million people.Located on China's central eastern coast at the mouth of the Yangtze River, the city is administered as a municipality of the People's Republic of China with province-level status.
Originally a fishing and textiles town, Shanghai grew to importance in the 19th century due to its favourable port location and as one of the cities opened to foreign trade by the 1842 Treaty of Nanking.The city flourished as a center of commerce between east and west, and became a multinational hub of finance and business by the 1930s. However, Shanghai's prosperity was interrupted after the 1949 Communist takeover and the subsequent cessation of foreign investment. Economic reforms in 1990 Shanghai have resulted in intense development and financing, and in 2005 Shanghai became the world's busiest cargo port.
Originally a fishing and textiles town, Shanghai grew to importance in the 19th century due to its favourable port location and as one of the cities opened to foreign trade by the 1842 Treaty of Nanking.The city flourished as a center of commerce between east and west, and became a multinational hub of finance and business by the 1930s. However, Shanghai's prosperity was interrupted after the 1949 Communist takeover and the subsequent cessation of foreign investment. Economic reforms in 1990 Shanghai have resulted in intense development and financing, and in 2005 Shanghai became the world's busiest cargo port.
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