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The City of Shanghai - Research Paper Example

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The purpose of the following research is to represent a summary of the most important features of the Chinese city named Shanghai. The paper discusses the history, demographics, economy and other aspects of city development. Today Shanghai has emerged as a Global city and a major business hub…
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The City of Shanghai
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Download file to see previous pages Considered to be one of the fastest developing cities in the world, it plays a pivotal role in China’s economy. It is also one of the world’s top centers of commerce in terms of global financial flow. Shanghai is also home to many historical landmarks like The Bund, City God Temple, Yuyuan etc. The city’s rapid urbanizations and development along with the growing economy have transformed Shanghai into a major cultural and financial center of China. As of November 2011, Shanghai has 17 districts and 1 county which include 210 towns and other sub-districts. The 17 districts are Huangpu, Xuhui, Changning, Jing’ a Putuo, Zhabei, Hongkou, Yangpu, Pudong, Baoshan, Minhang, Jiading, Jinshan, Songjiang, Luwan, Qingpu and Fengxian. (China Tourist Maps, 2011)
Shanghai which was a once a swamp with about 12000 households started to be considered as a city ever since the central government approved the establishment of Shanghai county in the year 1292. During its early stage cotton industry along with the manufacturing sector was the backbone of the city’s economy. “The British opened a concession in Shanghai after the first Opium War and ignited Shanghais evolution.” (Naumann, 2011) After the opium war, the Treaty of Nanjing was formed which included a clause to build 5 new ports one of them being Shanghai. From here Shanghai grew to be the trading link between the East and the West. But ever since the communist takeover in 1949, international trade faced some restrictions from the government. This affected the city badly. But since the early 1990s, to be specific ever since Jiang Zemin became the President, the city started to see rapid development. The city contributes to more than 12% of the municipal revenue despite occupying just 0.1% of the area of China.  ...Download file to see next pagesRead More
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