Shanghai, vast and comprehensive, has a magnificence which is unusual even for a metropolis. Shanghai is not only the biggest city in China,

the eighth biggest city in the world, and one of the four municipalities of China which is under the direct control of the Central Government. She is also the best and most impressive city, or, in other words, she is the city in China that is most worthy of the title of municipality. Like Beijing, Shanghai is a place of the country which every person of the whole nation yearns for. Shanghai is above all a place held in high esteem by people all over the country. Almost every Chinese knows that China cannot do without Shanghai, in the same way that the United States cannot dispense with New York. Shanghai is situated in East China, at the place where the Yangtze River and the Qiantang River converge into the sea, and that territory is part of the alluvial plain of the Yangtze Delta.The Municipality covers a total area of 7,037.50 square kilometers (ranking as the 31st by size among administrative regions of the provincial class). Of this total area, land accounts for 6,340 square kilometers (still expanding in construction work), waters account for 697 square kilometers, and the urban districts account for 289 square kilometers.
At present, there are more than twenty million people living and working in Shanghai and her adjoining areas. The city has a population of 18.5422 million (in the year 2007, i.e. the 25th by size among administrative regions of the provincial class of China). The population density is 3,154 persons per square kilometers (by 2008, or the 3rd among administrative regions of the provincial class of China). The urban population of Shanghai is 14,530,000 persons (by 2007, or the first among the cities of China). The natural growth rate of permanent residents of the Municipality is 3.04 0/00.
In days of yore, Shanghai was no more than a small town engaged in fishing and cotton textile handicraft. In the 19th century, owing to her advantageous geographic position in serving as a port, Shanghai developed at high speed. After the signing of the Treaty of Nanjing in 1842, Shanghai became one of the few trading ports in China for doing business with foreign countries, and she grew by leaps and bounds into a thriving center of commerce and cultural interchange. In the 30s of the 20th century Shanghai rose so much in importance as to become the pivot in China employed by transnational corporations in their effort to evolve foreign trade and develop local business. However, after the establishment of the People"s Republic of China in 1949, almost all foreigners left Shanghai, with the result that the city lost her former luster very soon. This situation changed radically in 1990 with the implementation of China"s policy of reform and opening to the outside world. Shanghai regained her former prosperity, though with alterations in many basic characteristics. She has become the biggest economic center of today"s China and the largest trading port on the globe. The Shanghai harbor may now be considered the biggest harbor on the globe because it handles the largest volume of freight in the world. It may also be mentioned here that the urban area of Shanghai now has 6,000 high-rise buildings---three times the number in New York.

For Beijing the city walls and gates are the symbol of the capital city, while for Shanghai what serves as the symbol of the metropolis is the Bund, or the Riverside, as many foreign visitors call it. Just as one cannot be considered to have been to Beijing if he/she has never been to Tian An Men, so one cannot be considered to have been to Shanghai if he/she has not been to the Bund. From a historical point of view, here, at the Bund, is located the first international hotel of China, called the Peace Hotel now, built originally by a Jew, who was a British subject. This hotel stands on the corner, or the nose, of the Nanjing Road, which was nicknamed in Old China the Big Road, or more exactly the Big Horse Road, meaning in a hidden sense the First Road of Shanghai. Counting from the First Road southward, there were consecutively the popularly called Second, Third, Fourth, and Fifth (Horse) Roads. On the corner of the Fifth Horse Road, i.e. Guangdong Road, and the perpendicular to it Sichuan Road stood the red building of the famous Standard-Vacuum Oil Company, which was well-known to many people even by its address, 94 Canton Road, Shanghai, because in those days business organizations, including banks, such as the National City Bank of New York (now named Citibank), communicated with each other and with their customers chiefly by post. The closest neighbor of the Standard-Vacuum Oil Company, adjacent to its garage on the Sichuan Road, was the imposing building of the British Imperial Chemical Company.

These two giants, as they were seen in the eyes of the large number of city inhabitants who thronged the low-roofed shops and the shabby but thriving booths selling principally pork chop noodles on the opposite side of the Sichuan Road, formed the southwestern corner of a square area which was commonly understood to be The Bund area. If anyone worked in an organization located in that area, he/she might boast to other people: "I work at the Bund." The Bund in the strict sense, the road along the river, flaunted two giant bronze lions crouching in front of the ponderous iron gate of the Hongkong and Shanghai Banking Corporation. People from the countryside usually stared at these formidable statues in amazement. This place, however, changed hands and came to be used as the site of the Shanghai Municipal People"s Government during the Cultural Revolution, whereas the office building of the Standard-Vacuum Oil Company, together with its spacious garage, became a benevolent institution---the Central Hospital of the Huangpu District.

By the way, Shanghai inhabitants who are over 80 in age may still remember the extensive private garden, in the western populous residential part of Shanghai, owned by another British Jew, who had been a policeman and married a Chinese washerwoman before making his fortune. It is noteworthy that this garden was transformed into a modern construction in the early 50"s of the last century as a token of Sino-Soviet friendship and later named the Shanghai Industrial Museum. When U. S. President Nixon visited China in February, 1972, he first saw the industrial exhibition held there, accompanied by Premier Zhou, and convened with the Premier on the same day later in the then best hotel in the center of the city, the Jin Jiang Hotel, where the world-shaking Shanghai Communique was signed. On the next day Chairman Mao received President Nixon in Beijing, thus consummating the epochal work done at shanghai.
Today Shanghai"s goal is to develop into a world-class financial and economic center of China, and even Asia. In achieving this goal, Shanghai faces competition from Hong Kong, which has the advantage of a stronger legal system and greater banking and service expertise. Shanghai has stronger links to the Chinese interior and to the central government in addition to a stronger manufacturing and technology base. Since the handover of Hong Kong to the PRC, Shanghai has increased its role in finance, banking, and as a major destination for corporate headquarters, fueling demand for a highly educated and westernized workforce.