Bird's Eye View Of Shanghai, China

In the last two decades Shanghai has been one of the fastest developing cities in the world. Since 1992 Shanghai has recorded double-digit growth almost every year except during the global recession of 2008 and 2009. In 2010, Shanghai's total GDP grew to 1.687 trillion RMB (US$256.3 billion) with GDP per capita of 76,000 RMB ($11,540). The three largest service industries are financial services, retail, and real estate. The manufacturing and agricultural sectors accounted for 39.9 percent and 0.7 percent of the total output respectively. Average annual disposable income of Shanghai residents, based on the first three quarters of 2009, was 21,871 RMB.
Located at the heart of the Yangtze River Delta, Shanghai has the world’s busiest container port, which handled 29.05 million TEUs in 2010. Shanghai aims to be an international shipping center in the near future.
Shanghai is one of the main industrial centers of China, playing a key role in China’s heavy industries. A large number of industrial zones, including Shanghai Hongqiao Economic and Technological Development Zone, Jinqiao Export Economic Processing Zone, Minhang Economic and Technological Development Zone, and Shanghai Caohejing High-Tech Development Zone, are backbones of Shanghai's secondary industry. Heavy industries accounted for 78% of the gross industrial output in 2009. China’s largest steelmaker Baosteel Group and Jiangnan Shipyard, one of China's oldest shipbuilders are both located in Shanghai. Auto manufacture is another important industry. Shanghai Automotive Industry Corporation (Group) ("SAIC" for short) is one of the top 3 automotive corporations in China. The company has a strategic partnership with Volkswagen and General Motors.