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Shanghai marks the 60th anniversary of liberation

2009-05-27 09:53 BJT

Shanghai is located at the mouth of the Yangtze River, the longest river in China, on the west bank of the East China Sea and in the middle of China's coastline. Through its coastal position Shanghai acts as a link between China’s inland regions and the outside world, and it is comfortable with both eastern and western cultures.

Shanghai marks the 60th anniversary of liberation
Shanghai marks the 60th anniversary of liberation,
May 26, 2009.

With a history of more than 700 years, Shanghai was once the financial center of the Far East. Since the reforms that began in the 1990’s great changes have taken place in the city. The municipal government is working towards building Shanghai into a modern metropolis and a global economic, financial, trading and shipping center by 2020.

Today, with a land area covering 6,340 square kilometers and a population of 16 million people, Shanghai has become the largest economic center in China and an important port city. It has maintained a GDP growth rate of over 10 percent in the last 11 years. More than 100 foreign countries and regions have investments in some 30,000 local projects, taking advantage of the 74 deep-water berths and 20 international container piers at the Shanghai Port. The Yangshan International Deep Water Port that is currently under construction is expected to give a modern twist to the port city. Hongqiao and Pudong International airports link Shanghai with 141 cities in 29 foreign countries and regions everyday.