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Small fishing village on the banks of the Wusong Jiang River known as Hu
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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
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The “City on the Sea” Small fishing village until 1842 – 1 st 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
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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
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Foreign Response to Rebellion 1863: International Settlement formed – Immigrants seeking fame and wealth – Serphardic Jew businessmen made contributions in opium and real estate
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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
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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
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City of Change 1972: Richard Nixon and Zhou Enlai signed the Shanghai Communiqué – 14 th 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 – 21 st century infrastructure building frenzy
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Other Notable Events 1999: Fortune 500 Global Economic Forum 2001: APEC Conference 2004: 1 st Formula One Grand Prix in China 2010: World Expo
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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
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Major Industries ElectronicsAutomobile Financial ServicesSteel Computer InformationChemicals PetrochemicalsTextiles Equipment ManufacturingMetal Fabrication LogisticsMedical 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
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Attractions THE BUND Symbolic center of the city 1 mile stretch with 52 historical buildings YUYUAN GARDEN & BAZAAR Most famous gardens Near the City God Temple in the Old City Vendors hawk their wares in the Bazaar
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ZHUJIAJIAO ANCIENT TOWN Older buildings with water canals Boating trips, gardens, & shopping streets Attractions Cntd. DONGTAI ANTIQUE ROAD Small stalls and shops Cultural artifacts and antiques
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TIANZIFANG STREET Artsy area in the French Concession Less touristy shopping opportunity Attractions Cntd. LUJIAZUI One of the four Pudong economic areas Futuristic, avant-garde architecture Oriental Pearl Tower, Jin Mao Building, Bank of China Tower, Shanghai World Financial Center
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Attractions Cntd. NANJING ROAD Most bustling & prosperous street Developed shopping center (i.e. Malls) PEOPLE’S SQUARE Beautiful center of Shanghai Shanghai Museum & Grand Theatre Smart musical fountain in the middle
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Attractions Cntd. SHANGHAI ACROBATICS Performances each night (~2 hours) World famous troupe MOGANSHAN ROAD ART DISTRICT Thriving art colony in old warehouses Contemporary Chinese art scene ShanghART, Art Scene Warehouse, etc.
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