(Shanghai Stock Exchange Building)
Shanghai remains the world’s sixth most competitive financial center this year after New York, London, Tokyo, Hong Kong and Singapore, an industry index showed today.
Shanghai, with an ambition to become the world’s leading financial center by 2020, was rated a center showing the most potential for three consecutive years, beating Hong Kong, New York and Tokyo in terms of market growth, economic prospect, and innovation. (Shanghai Daily)
(Photo by Juan de Dios Pérez)
Shanghai has grown so crowded that its downtown population density is nearly 17,000 per square kilometer, a government survey report said.
9 months ago
The city’s ever-growing population will surpass the capacity of its infrastructure and utilities in three years, if unchecked. Local population and environment experts believe Shanghai can support a maximum of 25 million to 28 million people, a limit to be broken in three years. (Shanghai Daily)
Shanghai, along with US film giant DreamWorks Animation, is to invest more than 20 billion yuan (US$3.1 billion) to build a culture and entertainment complex along the Huangpu River.
The city yesterday launched Oriental DreamWorks, a joint venture with the US film company, to build the complex titled “Dream Center” as well as create a world-class animated film studio.
The center in Shanghai’s Xuhui District will include theaters, shops, restaurants, bars and hotels and will open in 2016. (Shanghai Daily)