Industry & Commerce
Besides its harbor city features, Shanghai is also an important industrial city. Retrospecting to its history, Shanghai's industrial production had already lasted for one and a half centuries and formed a very comprehensive system. In recent years, Shanghai has made rapid progress in its industrial production. its pillar industries include automobile, telecommunication, complete power plant and large-scaled mechanic and electric equipment, petrochemical and specialty chemical processing, iron and steel and household appliances industries, etc.. At the same time, Shanghai has quickened up its efforts in nourishing high-tech industries characterizing in electronic information and communication, modern bio-pharmaceutics and new materials. The development of new and high-tech industries will be the new growth poles of Shanghai's industry.
At present, Shanghai's industrial production has combined the participation of many foreign investors from all over the world. Among the TOP 500 multinational companies in the world, 254 of them have invested in Shanghai to launch factories and established their representative offices.
Shanghai always boosts itself as a shopping heaven. Since reform and opening, the development of its commerce has accelerated. Basing on the existing Nanjing Road and Huaihai Road commercial streets and Yu Garden Commercial City, Shanghai has continued to revamp the existing commercial facilities and built other commercial network, such as Shanghai Railway Station, Xu Jia Hui, Zhang Yang Road in Pudong and People's Square Underground Shopping Mall, etc.. Furthermore, various scales of chained supermarkets are everywhere in the city. There are also many foreign-invested commercial enterprises here, such as Metro from Germany, Carrefour from France, Lotus from Thailand and Lawson from Japan, etc.. |
