Shanghai home to 90 billionaires and 370,000 millionaires
The Hurun Report’s recently released 2nd annual Shanghai Wealth Report has a few eye-popping statistics:
- Pudong is the richest postcode in Shanghai, followed by Changning District, which is also the richest postcode in Puxi.
- Shanghai today has 370,000 dollar millionaires, 140, 000 individuals with RMB 10m up 6.1% and 8,200 individuals with RMB 100m, up 5.1%.
You can see more statistics at Shanghaiist.
2 days ago
Megalopolis: Shanghai
(The Bund, Shanghai, China, 2010)
(Skyline, Shanghai, China, 2010)
A great photo series by photographer Martin Stavars.
6 days ago
Shanghai has sunk 6 ft since 1921
(Photo by Jakob Montrasio.)
Kate Springer of TIME’s Ecocentric blog, has some eye-popping numbers in her latest post on land subsidence, which she says is affecting more than 50 cities in China. Across the country, 49,000 sq. mi. of land have dropped at least 8 in, and Shanghai is, unsurprisingly, leading China’s rapid descent into the ground, and has sunk more than 6 ft. since 1921. (Shanghaiist)
1 week ago
Shanghai Noir: China's Long History of Crime Stories, Real and Fictional
(A poster for the 1932 noir film Shanghai Express. (Paramount))
Now a center of global commerce, the city was once so dangerous that its name was slang for “to kidnap.” (The Atlantic)
1 week ago
Demolition photos lead to beating
(Site where photographers were beaten at Wangjiamatou street in Huangpu District. Photo by Zha Minjie.)
Yong He, an award-winning Shanghai news photographer was beaten up yesterday when he was taking pictures at a demolition site in downtown Huangpu District.
Two workers from the Tonghai construction company, surnamed Ding and Wang, were detained and fined for beating the photographer and two other Shanghai journalists at the site. (Shanghai Daily)
3 weeks ago
3 weeks ago
The Garbage Wharf on Soochow Creek in the 1930s
The Garbage Wharf on Soochow Creek in the 1930s. From Virtual Shanghai collection.
3 weeks ago
Shanghai by Christian Stoll
1 month ago
With money in mind, contemporary Shanghai is beginning to recognize the value of its history and natural landscapes. Two residential projects exemplify this in particular. Thanks to recent investments to remediate Shanghai’s waterfronts, housing along the Huangpu River and Suzhou Creek have become the site of luxury developments. Adaptive reuse is also underway in areas such as Taiping Bridge, where lilongs have been converted into bars and restaurants. These developments have brought skyrocketing rents with them.
Shanghai cannot continue to ignore the conflicts that emerge from razing the populist housing to make way for the rich. We await a new model: one that perpetuates social integration along with the city’s legendary accumulation of material wealth.
Xiangning Li & Xiaochun Zhang, From Lilong to International Community, Shanghai Transforming (Barcelona: ACTAR, 2008), pg. 211.
1 month ago
Suzhou Creek cruises set sail
Cruises returned to Suzhou Creek yesterday when two types of vessels went on a pilot run following an opening ceremony. Scheduled services resume today, following a year’s gap while the waterway was dredged. The 19-kilometer trip through downtown takes three hours. (Shanghai Daily)
1 month ago
