Active Economy Is Making Shanghai A Global City

<p>Booming Shanghai is on a track to become one of the biggest and most economically-active cities in the world.</p>
May 9, 2007, 7am PDT | Nate Berg
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"In the last 15 years, the city has been transformed into a glittering metropolis of 21 million people, with more skyscrapers than New York and a public transport system that will soon overtake London's in size."

"The city has tripled in size and its influence now extends throughout the whole Yangtze Delta region, the richest area in China."

"The Shanghai region, including the two adjoining provinces, accounts for 30% of China's foreign exports and attracts 25% of all foreign investment into the country, while 20% of its manufacturing output is produced here."

"By 2020, Shanghai's economy is expected to have expanded five-fold, making it bigger than New York in 1997, the richest economic region in the world."

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Published on Tuesday, May 8, 2007 in BBC
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