Shanghai (/ʃæŋˈhaɪ/; Chinese: 上海; pinyin: Shànghǎi,
Shanghai is China's most-populous city, and the municipality is its most-populous urban area. Shanghai was one of the first Chinese ports to be opened to Western trade, and it long dominated the nation's commerce.
Since Shanghai is a direct-controlled municipality of China, the Mayor occupies the same level in the order of precedence as provincial governors.
Shanghai is the biggest and most populated city in China and is home to some 30 million people. The city of Shanghai sits on China's central coast, around 1200 km north of Hong Kong.
They write new content and verify and edit content received from contributors. No, Hong Kong is not a country. Hong Kong is a special administrative region of China. Hong Kong's status as a special administrative region stems from its history as a former British colony.
Hong Kong and Macau are both sovereign territories of the People's Republic of China. However, due to the One Country, Two Systems policy, the two regions maintain a high degree of autonomy, hence they are not governed as part of mainland China.
Chinese companies own or operate terminals in 96 ports in 53 countries according to research by Isaac B. Kardon and Wendy Leutert. This economic influence gives China significant political power.
Chinese firms are now leading builders, bankers, owners, and operators of ports in Africa. They have quickly achieved significant scale and scope across the continent, using modern, deepwater ports to drive Chinese trade and promote investment in other economic projects past the pier.
In France, China Merchants Port Holdings has minority stakes in terminals in Montoir, Dunkirk, Le Havre and Fos. In Malta, China Merchants Port Holdings has a minority stake in Marsaloxlokk. In Sweden and Poland, Hutchison Port Holdings has stakes in Stockholm and Gdynia, respectively.
The PRC claims the de jure administration of Taiwan Province, as well as mainland-nearby islands of Kinmen and Matsu Islands, currently controlled by the Republic of China (ROC).
In 1863, the Shanghai International Settlement is established after the British and American settlements are formally united. Ulike the British Crown Colony of Hong Kong, the Shanghai International Settlement remains sovereign Chinese territory.
The cost of geography
The simplest answer to Shanghai's monetary success is rooted in geography. When thinking about almost any capital or commercially wealthy city on Earth, you'll find an ocean or a river close-by, and thus easy access routes to neighbouring nations. This can be seen in cities such as London.
Shanghai is one of four municipalities directly under the control of the central government of China.
In essence, Shanghai was two cities, one a Chinese city under the authority of the weak Chinese government, the other an international zone consisting of concessions controlled primarily by the British, Americans, French and, following the First Sino-Japanese War of 1894-1895, Japanese.
The loan agreement allowed China Harbour Engineering and China Merchants Port to jointly operate the terminal and take a 65% stake in the port for 35 years. After 35 years, the ownership of the port will be returned to the Sri Lanka Ports Authority.
The Port of Piraeus (Greek: Λιμάνι του Πειραιά) is the chief sea port of the Attica, located in Piraeus, and on the Saronic Gulf on the western coasts of the Aegean Sea, the largest port in Greece and one of the largest in Europe. The Chinese state-owned COSCO Shipping owns the port.
China is now Africa's biggest trading partner, with Sino-African trade topping $200 billion per year. Over 10,000 Chinese firms are currently operating throughout the African continent, and the value of Chinese business there since 2005 amounts to more than $2 trillion, with $300 billion in current investments.
Right now, “Chinese state-owned enterprises hold ownership stakes in terminals at five U.S. ports,” according to a U.S. Naval War College investigation. China's Offshore Shipping Company, or Cosco, for instance, has a 40 percent joint venture stake in Los Angeles' West Basin Container Terminal.
China has 34 major ports and more than 2000 minor ports.
Port of Shanghai, China
Being the largest port in the world, it's no surprise the Port of Shanghai was also one of the first in the industry to go public in China, officially entering the Shanghai Stock Exchange in 2006.
Both the ROC and the PRC still officially (constitutionally) claim mainland China and the Taiwan Area as part of their respective territories. In reality, the PRC rules only Mainland China and has no control of but claims Taiwan as part of its territory under its "One China Principle".
The ROC government relocated to Taiwan in 1949 while fighting a civil war with the Chinese Communist Party. Since then, the ROC has continued to exercise effective jurisdiction over the main island of Taiwan and a number of outlying islands, leaving Taiwan and China each under the rule of a different government.
Britain also wanted more control over their trade with China, as they could only trade with certain officials called Hong merchants. The Opium Wars resulted in two treaties, each expanding the size of Britain's Hong Kong territory.