Shanghai
is the industrial, financial, and commercial center
of China. It hosts a concentration of manufacturing
activity in such key industries as automotive, electronics,
telecommunications, machinery, textiles, iron and
steel, and petrochemicals. Shanghai has a population
of some 17.5 million, not including up to three million
visitors who are in the city on any given day.
In 2005, exports from Shanghai to
other parts of the world were US$ 90.7 billion, an
increase of 23% over 2004, and constituting about
16% of China's total. About 25 percent of China's
total exports pass through Shanghai's ports. Two-way
trade between Shanghai and the U.S. was more than
US$ 31 billion in 2005, a 19% increase over 2004.
Foreign direct investment (FDI) in
East China has been increasing steadily for several
years. In Shanghai, contracted FDI in 2005 was US$
14 billion, and actual realized investment was US$
6.9 billion.
The U.S. is one of the top investors
in Shanghai. The U.S. share of Shanghai’s cumulative
FDI, at approx. US$ 9.5 billion, is roughly 10% of
Shanghai's total. There are some 4,700 U.S.-invested
projects in Shanghai. The American Chamber of Commerce
in Shanghai is the largest in Asia, with over 3,000
members, and some 80 new members per month. Some 15,000
Americans are long-term residents of Shanghai, and
many more work on short-term visas. The City of Shanghai
has the status of a province and receives preferential
treatment from the central government, particularly
as an incubator for reforms and pilot projects. Costs
tend to be somewhat higher in Shanghai than in nearby
cities, but the business environment is generally
more transparent.
Source: US
Commercial Service
Shanghai
Government Official Website
Conde
Naste Traveller: Shanghai
Lonely
Planet World Guide, Destination Shanghai
Shanghai
Travel Guide
Back to Top
|
