Pages

Saturday, 31 March 2012

Shanghai


Shanghai, is the largest city by population of the People's Republic of China (PRC)  and the largest city proper by population in the world. It is one of the four province-level municipalities of the PRC, with a total population of over 23 million as of 2010. It is a global city, with influence in commerce, culture, finance, media, fashion, technology, and transport. It is a major financial center and the busiest container port in the world.
Located in the Yangtze River Delta in eastern China, Shanghai sits at the mouth of the Yangtze River in the middle portion of the Chinese coast. The municipality borders Jiangsu and Zhejiang Provinces to the west, and is bounded to the east by the East China Sea.
Once a fishing and textiles town, Shanghai grew in importance in the 19th century due to its favorable port location and was one of the cities opened to foreign trade by the 1842 Treaty of Nanking which allowed the establishment of the Shanghai International Settlement. The city then flourished as a center of commerce between east and west, and became the undisputed financial hub of the Asia Pacific in the 1930s. However, with the Communist Party takeover of the mainland in 1949, the city's international influence declined. In the 1990s, the economic reforms introduced by Deng Xiaoping resulted in an intense re-development of the city, aiding the return of finance and foreign investment to the city.
Shanghai is a popular tourist destination renowned for its historical landmarks such as The Bund, City God Temple and Yuyuan Garden, as well as the extensive and growing Pudong skyline. It has been described as the "showpiece" of the booming economy of mainland China.


Religion


Due to its cosmopolitan history, Shanghai has a rich blend of religious heritage as shown by the religious buildings and institutions still scattered around the city. Taoism has a presence in Shanghai in the form of several temples, including the City God Temple, at the heart of the old city, and a temple dedicated to the Three Kingdoms general Guan Yu. The Wenmiao is a temple dedicated to Confucius. Buddhism has had a presence in Shanghai since ancient times. Longhua temple, the largest temple in Shanghai, and Jing'an Temple, were first founded in the Three Kingdoms period. Another important temple is the Jade Buddha Temple, which is named after a large statue of Buddha carved out of jade in the temple. In recent decades, dozens of modern temples have been built throughout the city. A predominant religion in Shanghai is Mahayana Buddhism, and Taoism is also followed by many Shanghai residents. Islam came into Shanghai 700 years ago and a mosque was built in 1295 in Songjiang. In 1843, a teachers' college was also set up. The Xiaotaoyuan Mosque is located at 52 Xiaotaoyuan Lane,East Fuxing Road, South District. This is where the Shanghai Muslim Association is also located, which has a reputation known throughout the world. Shanghai has the highest Catholic percentage in Mainland China (2003).Among Catholic churches, St Ignatius Cathedral in Xujiahui is one of the largest, while She Shan Basilica is the only active pilgrimage site in China. communities. Christianity in Shanghai includes Eastern Orthodox minorities and, since 1996, registered Christian Protestant churches. During World War II thousands of Jews descended upon Shanghai in an effort to flee Hitler’s regime. The Jews lived side-by-side in a designated area called Shanghai Ghetto and formed a vibrant community centered on the Ohel Moshe Synagogue, which is preserved remnant of this portion of Shanghai’s complex religious past.


Parks and resorts


Shanghai's parks offer some reprieve from the urban jungle. Due to the scarcity of play space for children, nearly all parks have a children's section. The former racetrack turned central park, People's Square park is located in the heart of down town Shanghai and is known for its proximity to other major Shanghai landmarks. Fuxing Park, in the former French Concession of Shanghai, features formal French-style gardens and is surrounded by high end bars and cafes. Zhongshan Park in northwestern central Shanghai is famous for its monument of Chopin, the tallest statue dedicated to the composer in the world. Built in 1914 as Jessfield Park, it once contained the campus of St. John's University, Shanghai's first international college; today, it is known for its extensive rose and peony gardens, a large children's play area, and as the location of an important transfer station on the city's metro system. One of the newest is in the Xujiahui area – Xujiahui Park, built in 1999 on the former grounds of the Great Chinese Rubber Works Factory and the EMI Recording Studio (now La Villa Rouge restaurant). The park has a man-made lake with a sky bridge running across the park, and offers a pleasant respite for Xujiahui shoppers.
The Shanghai Disney Resort Project was approved by the government on 4 November 2009 It is currently under construction. The resort is planned to be operational by 2016. A $4.4 billion theme park and resort in Pudong will have a castle that will be the biggest among Disney's resorts.
Well-known Shanghai parks include:
People's Square Park
Gongqing Forest Park
Fuxing Park
Zhongshan Park
Lu Xun Park
Century Park
Jing'an Park


Environmental protection
Public awareness of the environment is growing, and the city is investing in a number of environmental protection projects. A 10-year, US$1 billion cleanup of Suzhou Creek, which runs through the city-center, was expected to be finished in 2008, and the government also provides incentives for transportation companies to invest in LPG buses and taxis. Air pollution in Shanghai is low compared to other Chinese cities, but the rapid development over the past decades means it is still high on worldwide standards. The government has moved almost all factories within downtown to either outskirts of Shanghai or the neighboring Jiangsu and Zhejiang Provinces in the last two decades. In addition, several parks have been built in the city. As a result, Shanghai's air quality has been steadily improving since 1990s.


Economy


Shanghai is the commercial and financial center of mainland China, and ranks fifth in the 2011 edition of the Global Financial Centres Index published by the City of London. It was the largest and most prosperous city in the Far East during the 1930s, and rapid re-development began in 1990s. This is exemplified by the Pudong District, which became a pilot area for integrated economic reforms. By the end of 2009, there were 787 financial institutions, of which 170 were foreign-invested. In 2009, the Shanghai Stock Exchange ranked third among worldwide stock exchanges in terms of trading volume and sixth in terms of the total capitalization of listed companies, and the trading volume of six key commodities including rubber, copper and zinc on the Shanghai Futures Exchange all ranked first in the world.
In the last two decades Shanghai has been one of the fastest developing cities in the world. Since 1992 Shanghai has recorded double-digit growth almost every year except during the global recession of 2008 and 2009. In 2011, Shanghai's total GDP grew to 1.92 trillion yuan (US$297 billion) with GDP per capita of 82,560 yuan (US $12,784). The three largest service industries are financial services, retail, and real estate. The manufacturing and agricultural sectors accounted for 39.9 percent and 0.7 percent of the total output respectively. Average annual disposable income of Shanghai residents, based on the first three quarters of 2009, was 21,871 RMB.
Located at the heart of the Yangtze River Delta, Shanghai has the world’s busiest container port, which handled 29.05 million TEUs in 2010. Shanghai aims to be an international shipping center in the near future.
Shanghai is one of the main industrial centers of China, playing a key role in China’s heavy industries. A large number of industrial zones, including Shanghai Hongqiao Economic and Technological Development Zone, Jinqiao Export Economic Processing Zone, Minhang Economic and Technological Development Zone, and Shanghai Caohejing High-Tech Development Zone, are backbones of Shanghai's secondary industry. 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 are both located in Shanghai. Auto manufacture is another important industry. The Shanghai-based SAIC Motor is one of the three largest automotive corporations in China, and has strategic partnerships with Volkswagen and General Motors.

No comments:

Post a Comment