Why Shanghai

Shanghai is one of the four municipalities under the direct administration of central government of China, the largest city in China by population, and the second most populous city proper in the world,
 

Geography

One of the three municipalities under the direct jurisdiction of the Central Government, Shanghai is situated in the middle of China's coastline, bordering on the East China Sea in the east, lying at the month of Changjiang (Yangtze) River and covering a coastline of about 200 kilometers. It has a total area of 6,200 square kilometers. It is China's most populous city and one of the largest in the world.
 

Climate

Shanghai has a humid temperate climate with four distinct seasons. The average temperature of January—the coldest month is about 3 ºC (37 ºF), and that of July - the warmest month about 27ºC (81ºF). The average annual precipitation is over 1,100 mm, of which 40 per cent is in summer. Shanghai is often affected by typhoon between July and September. Even in the mid-summer days, Shanghai's warmest spell of the year is rather short.
 

History

Shanghai became on inhabited area more than 5,000 years ago after land had taken shape there. Its earliest days, it was a desolated fishing village. By the 17th century, it had become a flourishing port. After the Opium War, Shanghai was forced by the colonialist to open as a" trade port" and had remained so since 1843.
In 1921, the First National Congress of the Communist Party of China was convened in Shanghai, proclaiming the funding of the Chinese Communist Party. Chinese communist got control of Shanghai (liberation) in May 1949.
 

Population and Nationalities

In 2017 the Chinese Government implemented population controls for Shanghai. Latest statistics show that from this policy, Shanghai population declined by 10,000.
Shanghai also has 150,000 officially registered foreigners, including 31,500 Japanese, 21,000 Americans and 20,700 Koreans, but the real number of foreign citizens in the city is probably much higher. Shanghai is also a domestic immigration city, which means a huge population of citizens come from other cities in China.
 

Economy

Shanghai is the commercial and financial center of China, and ranks 13th in the 2017 edition of the Global Financial Centres Index (and fourth most competitive in Asia after Singapore, Hong Kong, and Tokyo) published by the Z/Yen Group and Qatar Financial Centre Authority. It also ranks the most expensive city to live in Mainland China, according to the study of Economist Intelligence Unit in 2017. It was the largest and most prosperous city in East Asia during the 1930s, and rapid re-development began in the 1990s. This is exemplified by the Pudong District, a former swampland reclaimed to serve as a pilot area for integrated economic reforms. By the end of 2009, there were 787 financial institutions, of which 170 were foreign-invested. In 2009, the Shanghai Stock Exchange ranked third among worldwide stock exchanges in terms of trading volume and sixth in terms of the total capitalization of listed companies, and the trading volume of six key commodities including rubber, copper and zinc on the Shanghai Futures Exchange all ranked first in the world. In September 2013, with the backing of Chinese Premier Li Keqiang the city launched the China (Shanghai) Pilot Free-Trade Zone-the first free-trade zone in mainland China. The Zone introduced a number of pilot reforms designed to create a preferential environment for foreign investment. In April 2014, The Banker reported that Shanghai "has attracted the highest volumes of financial sector foreign direct investment in the Asia-Pacific region in the 12 months to the end of January 2014". In August 2014, Shanghai was named FDi magazine's Chinese Province of the Future 2014/15 due to "particularly impressive performances in the Business Friendliness and Connectivity categories, as well as placing second in the Economic Potential and Human Capital and Lifestyle categories".