Shanghai: Industry, Economics, and Policy
Dezan Shira and Associates have published an update on Shanghai' industry, economic and policy climate.
Shanghai is mainland China’s commercial capital and most populous city. Alongside Beijing, Chongqing, and Tianjin, it is one of four municipalities directly controlled by the central government.
With a storied history of foreign economic and cultural exchange, Shanghai is known as mainland China’s most international city. Today, it boasts significant finance, trade, and shipping industries, including the world’s largest port by cargo throughput.
Located at the mouth of the Yangtze River on China’s east-central coast, Shanghai is surrounded by Jiangsu and Zhejiang provinces to the north, west, and south, and the East China Sea to the east. It is regarded as the center of Yangtze River Delta economic circle, the richest mega city cluster per capita in China.
With the highest GDP of any mainland Chinese city and half of its economic activity contributed by non-public enterprises, Shanghai is an economically vibrant and popular destination for private and foreign investment. It is also a core port for domestic and international trade, with the value of its imports and exports accounting for 20 percent of the country’s total.
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