Shanghai
Shanghai and its Commercial Real Estate Market are unique in many respects. Did you know…
- Shanghai 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 in its metropolitan area. Located on China’s central eastern coast near the mouth of the Yangtze River, the city is administrated as a municipality with province-level status.
- Shanghai is mainland China’s center for commerce and finance, and has been described as the “showpiece” of the world’s fastest-growing economy. Renowned for its historical landmarks such as the Bund and Xinitandi, its modern and ever expanding Pudong skyline including the Oriental Pearl Tower, and its new reputation as a center of culture and design.
- The two Chinese characters in the name “Shanghai”, (shang; and hai) literally mean “up, on, or above the sea”, respectively, evident of Shanghai’s location next to the East China Sea
- The government has partially or fully privatized many large companies and banks and maintains a strong presence in the power and defense industries.
- Shanghai was host to World Expo 2010. The Expo began in 1851 and is an important platform for exchanging innovative ideas. It is the first registered exposition in a developing country, which shows the international community’s confidence in China’s reform.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
