Shanghai - The Paris of the East

Jim Trippon reporting to you live from Shanghai. Today our China Trade Mission the 2008 China Investors Field Trip arrived in Shanghai. Shanghai is the largest city in China an one of the largest urban areas in the world. The estimated population is over 20 million in the extended Shanghai metro area.

Shanghai’s origin was a fishing and textile town. But the modern Shanghai, (as seen in the last picture of this blog), has grew and become a multinational hub of finance and business. The picture above is one I took of the Shanghai’s Pudong Skyline. The Pearl Tower also known as the Shanghai Oriental Broadcasting tower is an icon to travelers worldwide. Shanghai is mainland China’s center for commerce and finance which is no surprise it is also the world’s fastest growing economy.

While in Shanghai, we will be staying at the Grand Hyatt Shanghai. I told everyone that I would continue to show you the 5 star hotels that we stay on this trip. You can visit their site at: Grand Hyatt Shanghai.

Grand Hyatt Shanghai is the ‘highest hotel in the world’ (53rd to 87th floors of the Jin Mao Tower), in the centre of Pudong, Shanghai’s financial and business district. The Hotel provides easy access to the Shanghai Stock Exchange, Shanghai World Financial Centre and the International Conference Centre.

Our group will meet with local city government leaders to take a tour of the Oriental Pearl Tower. The Oriental Pearl Tower is located at the tip of Lujiazui in the Pudong district. The spire stands 1535 ft high and the top floor is 1148 feet high. The tower features 11 spheres, big and small. The two biggest spheres, along the length of the tower, have diameters of 50 m (164 ft) for the lower and 45 m (148 ft) for the upper. They are linked by three columns, each 9 m (30 ft) in diameter. The highest sphere is 14 m (46 ft) in diameter.

Pudong is a New Open Economic Development Zone in Shanghai and has emerged as China’s financial and commercial capitol. Pudong houses the Shanghai Stock Exchange, Lujiazui Trade Zone and the Shanghai World Financial Center. Pudong’s gross domestic product reached an estimated RMB270 billion (US$38.5 billion) in 2008. This total has now surpassed that of 6 provincial-level entities and is a figure that lies above most of the world’s countries.

Pudong used to be mainly farmland and countryside until 1990, when the Chinese government decided to set up as a Special Economic Zone. The western tip of the Pudong district was designated to be the new financial hub of modern China called the Lujiazui Finance and Trade Zone. The population of Pudong is estimated to be over 1.8 million.

Tonight we visited a acrobat show. It was great to see the Chinese culture and the rich tradition that surrounds the Chinese people.

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China Stock Market and the 2008 China Investors Field Trip.

Coming to you live from Shanghai on the 2008 China Investors Field Trip.

Committed To Your Profits In China,

Jim Trippon, CPA
Editor-In-Chief
China Stock Digest

P.S. Don’t forget about the special offer going on while I am in China. Order between now and October 24th, and receive $100 off the regular subscription price.