The largest city in China by population, Shanghai, has recently seen a generous increase of business opportunities. The populous city is one of the fastest developing cities in the world; in the last two decades, Shanghai has experienced economic growth thanks to a boost in business opportunities for locals and foreigners.
The three most successful industries in Shanghai are real estate, retail and financial services, which have excelled significantly in the last two decades even with the global recession in 2008 and 2009. Since 1992, the Shanghai economy has seen double-digit growth nearly every year, except for the two years during the global recession.
What makes Shanghai so popular for tourists, entrepreneurs and businessmen is the colourful mix of old traditional Chinese architecture that is adorned with European designs. The mixture of Western culture with the Chinese culture has given the city a very modern and cosmopolitan look and feel that attracts so many foreigners from all over the world. One of the Shanghai’s most prominent financial attractions is the Shanghai Stock Exchange, which holds an important position among worldwide stock exchanges. Trading volumes at the Shanghai Stock exchange are some of the highest in the world.
With an ideal location in the heart of the Yangtze River Delta, Shanghai houses the busiest container port in China and aims to become an international shipping centre in the near future. This would increase Shanghai’s economy further and would encourage the growth of other businesses causing a chain of financial growth consistently.
Not only does Shanghai have a strong cultural background, but it holds a strong education system that is one of the best in China and with modern transportation systems, via air, rail, road and sea, Shanghai is a well connected city with easy access to locations world-wide, making it ideal for visitors – entrepreneurs and tourists – to travel to Shanghai.
The modern commodities held in Shanghai make this Chinese city a global leader in finance and an ideal place to open and develop businesses in any industry. While the rest of the world struggles financially, Shanghai has proven to show growth even in the most devastating financial environment. The consistent financial growth of the city makes Shanghai the ideal place to establish a business and for entrepreneurs to develop their business ideals in a city that is fruitful and shows consistent development.
Looking to establish yourself in Shanghai? With world-class business centres in Hong Kong and Shanghai, Jumpstart is one of Asia’s best serviced office operator. We serve clients of various industries and sizes, and from all around the world.