Shanghai
Updated: Wikipedia source
Shanghai is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. The population of the city proper is the second largest in the world with around 24.87 million inhabitants in 2023, while the urban area is the most populous in China, with 29.87 million residents. As of 2022, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 13 trillion RMB ($1.9 trillion). Shanghai is one of the world's major centers for finance, business and economics, research, science and technology, manufacturing, transportation, tourism, and culture. The Port of Shanghai is the world's busiest container port. Originally a fishing village and market town, Shanghai grew to global prominence in the 19th century due to domestic and foreign trade and its favorable port location. The city was one of five treaty ports forced to open to trade with the Europeans after the First Opium War, with the Shanghai International Settlement and French Concession subsequently established. The city became a primary commercial and financial hub of Asia in the 1930s. During the Second World War, it was the site of the Battle of Shanghai. This was followed by the Chinese Civil War with the Communists taking over the city and most of the mainland. During the Cold War, trade was mostly limited to other socialist countries in the Eastern Bloc, causing the city's global influence to decline. Economic reforms supported by Deng Xiaoping led to extensive redevelopment by the 1990s, particularly in the Pudong New Area, spurring the return of finance and foreign investment. The city has re-emerged as a hub for international trade and finance. It is the home of the Shanghai Stock Exchange, the largest stock exchange in the Asia-Pacific by market capitalization and the Shanghai Free-Trade Zone, the first free-trade zone in mainland China. It is ranked eighth globally on the Global Financial Centres Index. Shanghai has been classified as an Alpha+ (global first-tier) city by the Globalization and World Cities Research Network. As of 2024, it is home to 13 companies of the Fortune Global 500—the fourth-highest number of any city. Shanghai is the world's second largest city by scientific outputs and home to several highly ranked universities, including Fudan, Shanghai Jiao Tong and Tongi. The Shanghai Metro, first opened in 1993, is the largest metro network in the world by route length. Shanghai has been described as a global finance and innovation hub, and it is one of the ten biggest economic hubs in the world. Featuring several architectural styles such as Art Deco and shikumen, the city contains the Lujiazui skyline, and museums and historic buildings such as the City God Temple, Yu Garden, the China Pavilion and buildings along the Bund. Shanghai is known for its cuisine, local language, and cosmopolitan culture. It ranks sixth in the list of cities with the most skyscrapers.