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Shanghai Strives for Global Status Amid Turbulent Reforms
Shanghai faces infrastructure and pollution bottlenecks as it pivots from textiles to heavy industry. The city plans vast projects including a major ethylene complex and bonds to fund a large port and energy plants while rebuilding housing, airports, and water systems. Beijing now channels funds to boost Shanghai’s role, with projected revenue and export gains but ongoing social unrest and housing delays.
MENTIONED IN THIS ARTICLE
Zukang
Sportation Em
Wang
Baoshan Steel
Olkswagen
U.S
McDonnell Douglas Aircraft Company
Shanghai
China
Bank of Communications
Chen Zhengxing
Construction Commission
Lusk Tien
Huangpu
Suzhou
Chen Zehao
People’s Bank of China
World Bank
Tokyo
Peking