| Population: 17.5 million Per capita GDP: $6,200 GDP Growth: 11.1% National GDP Growth: 9.9% Total GDP of Shanghai: $109 billion The Shanghai area represents:
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What to Watch in Shanghai This Year: World Expo 2010: : Shanghai will host the World Expo in 2010, and plans to invest billions of dollars in new urban infrastructure to prepare for this momentous event. Hunt for High-tech - Shanghai Mayor Han Zheng aims for Shanghai to become the high-technology center of China in the coming five years. Infrastructure Projects - there are several infrastructure projects with design contracts and equipment tender opportunities, including port, river front and industrial projects. |
CS Shanghai covers the Consular District of Jiangsu, Anhui and Zhejiang provinces and the City of Shanghai. The region's GDP was over US$ 400 billion in 2004, accounting for roughly 25 percent of China's total GDP. The economy of this region, known as East China, is roughly equivalent to that of the Philippines. The GDP of Shanghai alone grew 11.1 percent to over US$ 109 billion in 2005, accounting for over five percent of China's total output. GDP per capita in Shanghai is over US$ 6,200.
Shanghai is the industrial, financial, and commercial center of China. It hosts a concentration of manufacturing activity in such key industries as automotive, electronics, telecommunications, machinery, textiles, iron and steel, and petrochemicals. Shanghai has a population of some 17.5 million, not including up to three million visitors who are in the city on any given day.
In 2005, exports from Shanghai to other parts of the world were US$ 90.7 billion, an increase of 23% over 2004, and constituting about 16% of China's total. About 25 percent of China's total exports pass through Shanghai's ports. Two-way trade between Shanghai and the U.S. was more than US$ 31 billion in 2005, a 19% increase over 2004.
Foreign direct investment (FDI) in East China has been increasing steadily for several years. In Shanghai, contracted FDI in 2005 was US$ 14 billion, and actual realized investment was US$ 6.9 billion.
The U.S. is one of the top investors in Shanghai. The U.S. share of Shanghai’s cumulative FDI, at approx. US$ 9.5 billion, is roughly 10% of Shanghai's total. There are some 4,700 U.S.-invested projects in Shanghai. The American Chamber of Commerce in Shanghai is the largest in Asia, with over 3,000 members, and some 80 new members per month. Some 15,000 Americans are long-term residents of Shanghai, and many more work on short-term visas. The City of Shanghai has the status of a province and receives preferential treatment from the central government, particularly as an incubator for reforms and pilot projects. Costs tend to be somewhat higher in Shanghai than in nearby cities, but the business environment is generally more transparent.
Sectors to watch in the region are IT, telecommunications services, transportation infrastructure (ports, metro and light rail), distribution services, environmental technologies, construction materials, architectural and engineering services, industrial equipment, machine tools and manufacturing process controls.
U.S. Commercial Service - Shanghai
Shanghai Center, Suite 631
1376 Nanjing West Road
Shanghai 200040, China
Tel: (86-21) 6279-7630
Fax: (86-21) 6279-7639
Email: Shanghai.Office.Box@mail.doc.gov
Please feel free to e-mail our U.S. Commercial Service contacts by industry.