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Back to China
Contents:
- The city of Shanghai
- Shanghai Economy
- Invest in Shanghai
- Case study: Siemens in Shanghai
- Taxation in Shanghai
Summary:
Due to constant inflow of people from other parts of the country, the size of
population in Shanghai keeps growing. The population of long-term residents
reached 17.78 million.
By the end of 2005, Shanghai employed 8.6183 million people. Of the total,
1.4793 million or 17.2% were hired by the state enterprises and
institutions; 2.1983 million or 25.5% were employed by collectively-owned
work units; and 865,800 or 10% worked in foreign-funded enterprises; 2.413
million, or 28%, worked at private businesses; 1.6621 million, or 19.3%, at
firms of other economic sectors. The registered unemployment rate in the
city's urban areas stood at 4.4%, 0.1 percentage point lower than the
previous year.
Shanghai is an ideal city to live in for foreign investors. According to the
survey by the famous journal Economists, Shanghai has been appraised as the
city that is most suitable for foreigners to live in. At present, the number
of foreigners living and working in Shanghai is far ahead of that in other
cities of China. According to statistics, in 2002 lived in Shanghai about
100 thousand foreigners and 250 thousand Taiwanese, among which some 34,735
foreigners, coming from 126 countries, were employed.
Shanghai is largest port city on the Chinese mainland and one of the world’s
largest entrepots. In 2005, the Yangshan Deep-water Port opened its first
phase, marking a major progress in the city’s effort to becoming an
international shipping center. By the end of 2005, Shanghai had 28
international container wharfs, with 124 deep-water berths of 10,000
tonnages each. Shanghai Port operated 16 international container shipping
routes and had established business contacts with more than 500 ports of
nearly 200 countries and regions around the world.
Shanghai also enjoys a developed inland transportation: you can reach all
the railway terminals in China from Shanghai railway station. In terms of
highway, Shanghai plans to build 650km of expressway network in 2005 when it
takes 15 and 30 minutes from any major industrial zones, hubs of
communications and satellite towns to the nearby expressway and downtown
respectively. The total length of high way in Shanghai has reached 238Km.
Increased regulating of the market has ensured healthy growth in the real
estate sector. In 2005, the added value of the city's real estate sector hit
67.023 billion yuan, down 4.1% from the previous year.
Since 1992, the city has maintained a double-digit GDP growth rate for 14
consecutive years. In 2005, its GDP reached 914.395 billion yuan, 75.3%
higher than 2000 in terms of comparable prices, representing an annual
average growth of 11.9%.
More information about Doing Business in Shanghai
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