shang hai
Deng Xiaoping said 16 years ago that Shanghai was a financial hub where currencies could be converted freely, and it would be again in the future. Shanghai today is all things to all people.it leads the country in setting new trends. But it's as a financial center that the chrome and glass face of China's modern mainland is forging a new reputation. Comparisons with Hong Kong and New York are frequent, but Shanghai has not yet to reach the financial status of these money magnets. Still, that future Deng speak of is not far off.
By the 1930s, it had become the primary business and financial center in China and the Far East, boasting the most of domestic and foreign banks , the busiest hub of foreign trade, and the most attractive and preferred destination of foreign investment, contracting more than one third of foreign capital entering the country. The city was then seen as the "Paris of the Orient," and the lasting prosperity from those years has helped Shanghai acquire the experience and confidence for future development.
