small fishing village on the banks of the wusong jiang river known as hu
TRANSCRIPT
• Small fishing village on the banks of the Wusong Jiang River known as Hu
Tang & Ming Dynasties
• 751 AD: Incorporated into Huating• 1292: Developed from a “zhen” to a “xian”• 1553: Wall build around the Old Town to
protect from Japanese Pirates• 1664: Cotton and textile center
The “City on the Sea”
• Small fishing village until 1842– 1st Opium War: Britain began using Shanghai as a
treaty port• British, French and American colonial
presences independent of Chinese law– Mixed cultures: Openness to Western influence
• Industrial center and trading port – Attracted foreign business people and Chinese
migrants
Small Sword Society
• 1850s: Taiping Rebels wanted to overthrow Qing government
• Took over the Old City• Thousands of Chinese
driven into foreign concessions
• Ended in 1864
Foreign Response to Rebellion
• 1863: International Settlement formed– Immigrants seeking fame and wealth– Serphardic Jew businessmen made contributions
in opium and real estate
The “Paris of the East”
• Center of Fashion, Art, Music, Romance– Gap between rich and poor; Communist party
• Leading center of finance and trade in Asia• Gap between rich and poor & poor working
conditions– Anti-foreign sentiment– Communism emerged
WWII
• 1930s and ‘40s saw Japanese raids, invasions and occupation
• 1943 closed the treaty port; international powers relinquished concessions
• Communists established the People’s Republic of China in 1949 – Foreigners fled; industries began to shut down
• Base of operations for the Gang of Four– January Storm of 1967: reform of the “Four Olds” and
Cultural Revolution
City of Change
• 1972: Richard Nixon and Zhou Enlai signed the Shanghai Communiqué– 14th Congress endorsed the concept of a socialist
market economy• Now striving to return to Internationalism– One of China’s most open cities to FDI– Hosts the nation’s stock market– Accounts for 1/5 of the country’s GNP– Most important industrial base– 21st century infrastructure building frenzy
Other Notable Events
• 1999: Fortune 500 Global Economic Forum• 2001: APEC Conference• 2004: 1st Formula One Grand Prix in China• 2010: World Expo
Shanghai Economics
• One of the fastest growing economies & largest ports• Significant FDI in industrial and consumer product
manufacturing– 300/500 Top world enterprises
• Abundant skilled/unskilled workers• Largest consumer market among all mainland cities• Consumers are trend-setters for fashion and lifestyle products• China’s financial center
– 2012: 1,124 financial institutions (208 were foreign-invested )– Set up of the market operation head office of the People’s Bank of
China in Shanghai in 2005
Major IndustriesMajor Industries
Electronics Automobile
Financial Services Steel
Computer Information Chemicals
Petrochemicals Textiles
Equipment Manufacturing Metal Fabrication
Logistics Medical
• Shanghai plays a key role in China’s heavy industries– 77% of the gross industrial output in 2012– Baosteel Group, China’s largest steelmaker – Fosun Group, one of China’s largest private steelmakers
Attractions
THE BUNDSymbolic center of the city1 mile stretch with 52 historical buildings
YUYUAN GARDEN & BAZAARMost famous gardens
Near the City God Temple in the Old CityVendors hawk their wares in the Bazaar
ZHUJIAJIAO ANCIENT TOWNOlder buildings with water canalsBoating trips, gardens, & shopping streets
Attractions Cntd.
DONGTAI ANTIQUE ROADSmall stalls and shops
Cultural artifacts and antiques
TIANZIFANG STREETArtsy area in the French ConcessionLess touristy shopping opportunity
Attractions Cntd.
LUJIAZUIOne of the four Pudong economic areas
Futuristic, avant-garde architectureOriental Pearl Tower, Jin Mao Building,
Bank of China Tower, Shanghai World Financial Center
Attractions Cntd.
NANJING ROADMost bustling & prosperous streetDeveloped shopping center (i.e. Malls)
PEOPLE’S SQUAREBeautiful center of Shanghai
Shanghai Museum & Grand TheatreSmart musical fountain in the middle
Attractions Cntd.
SHANGHAI ACROBATICSPerformances each night (~2 hours)World famous troupe
MOGANSHAN ROAD ART DISTRICTThriving art colony in old warehouses
Contemporary Chinese art sceneShanghART, Art Scene Warehouse, etc.