• 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.