What is the economic performance of Shanghai as China?

Before 1949, Shanghai was the first financial center in the Far East, and the financial markets such as stocks, gold and foreign exchange ranked first in Asia. At that time, Shanghai gathered the largest exchange in Asia, the central financial supervision department, the headquarters of four central banks, the headquarters of ten domestic banks such as Beisi Bank and Nansan Bank, and the headquarters of countless insurance and trust companies. In addition, Shanghai at that time also gathered the Far East branch of the largest international financial institutions in Asia, and a large number of today's financial giants are inextricably linked with old Shanghai. However, by the end of 1952, foreign financial institutions had basically withdrawn from Shanghai, and the number of private financial institutions had dropped sharply to more than 60. After 1949, some Shanghai capitalists have fled to Hongkong, Taiwan Province Province or other overseas places. Some of them stayed in Shanghai to continue their business, and in the end they were all public-private partnerships beginning with 1956.

After the pain, Shanghai is now completely transformed. Shanghai's economic aggregate ranks first in Greater China. In 2009, Shanghai's GDP reached 1.49 trillion RMB, surpassing Hong Kong. The ratio of per capita GDP to per capita disposable income ranks first in all provinces, autonomous regions and municipalities in China. Shanghai is the second largest stock market center in the world, ranking third among global stock exchanges, next to new york's new york Stock Exchange and Nasdaq, and surpassing London and Tokyo. Shanghai is the second largest futures market center in the world, second only to Chicago, and ranks among the top ten derivatives market centers in the world. Shanghai is also the second largest diamond spot trading center in the world. Shanghai is the largest port in the world. In 20 10, Shanghai Port achieved a cargo throughput of 653 million tons and a container throughput of 29.069 million TEUs, ranking first in the world.

Shanghai's financial industry ranks first in the country; The number of private bank headquarters in Shanghai ranks first in China, and ICBC, Bank of Communications, Agricultural Bank of China and most foreign banks choose Shanghai as the headquarters of private banks. The number of fund management companies in Shanghai accounts for more than half of the country; The total amount of direct financing in Shanghai's financial market accounts for more than a quarter of the country; The completeness of the financial factor market ranks first in China; The number of domestic headquarters of foreign banks in Shanghai accounts for about two-thirds of the country, and its assets account for 85% of the country's foreign banks. The domestic headquarters of Shanghai foreign-funded legal person property insurance company accounts for about five-seventh of the country; In addition, 60% of Sino-foreign joint venture insurance companies and joint venture fund management companies in China are headquartered in Shanghai. The number of returnees absorbed by Shanghai also ranks first in the country, and at least a quarter of returnees in the country choose to work and start businesses in Shanghai every year. China Europe International Business School, the first business school in Asia, is also located in Shanghai. Shanghai has absorbed about one-tenth of the country's foreign capital, and the number of regional headquarters of multinational corporations is also the first in the country. A large number of Fortune 500 companies, especially multinational giants in the high-end field of tertiary industry, have chosen to set their headquarters in Asia Pacific or Shanghai, China, such as Citigroup, HSBC, Morgan Stanley, Bank of America, Blackstone Group, Louis Vuitton, Deloitte, Intel, ge, McKinsey, RBS, BNP Paribas, AIG, PricewaterhouseCoopers, Standard Chartered Bank, Ernst & Young, Chanel, Allianz and Disney.

Shanghai's service industry is highly developed. Shanghai is China's largest overseas tourist destination and the largest home port and destination for luxury cruise ships, among which Shanghai's luxury cruise tourism business accounts for more than 70% of the country. Jinjiang, Home Inn, Hanting and other four major domestic hotel groups are all from Shanghai, and the headquarters of the top ten luxury hotel groups in the world, such as Intercontinental, Accor, Excelle and Hilton, are basically in Shanghai. Shanghai is the commercial capital of China at present, and An Baili Group, the largest commercial group in China, comes from Shanghai. Almost all luxury goods companies, including LVMH, Li Feng and PPR, have chosen to locate their China headquarters in Shanghai. The domestic consumption of overseas tourists in Shanghai is about three-quarters of that of Singapore, far exceeding that of any domestic city. The rents of shops in Shanghai also rank first in China, among which Nanjing West Road ranks 37th in the world, and no other city in Chinese mainland ranks among the top 50 in the world. As the fifth largest fashion capital and the third largest commercial capital in the world, Shanghai's business environment, atmosphere and heritage are unparalleled in China.

Shanghai has developed industries, accounting for one tenth of China's total industrial output value, mainly including steel, automobiles, biomedicine, aerospace, high-end shipbuilding, precision instruments, electrical engineering, equipment manufacturing, petrochemical industry and electronic industry. Zhangjiang Hi-Tech has gathered a large number of high-end manufacturing and high-tech industries.

Due to the rising cost of land and labor and the guidance of the municipal government's economic policies, Shanghai's overall industrial structure has made remarkable progress, and its core competitiveness has been formed and gradually consolidated. In 2009, Shanghai's fiscal revenue reached 254.03 billion yuan, a year-on-year increase of 7.7%; The added value of tertiary industry accounts for 59.4% of GDP; The added value of the non-public sector of the economy accounted for 47% of GDP. In the Global Urban Competitiveness Report 2009-20 10 issued by China Academy of Social Sciences, Shanghai is second only to Hongkong in China, and before Taipei, all three cities rank among the top 50 in the world.