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Shanghai is one of the four direct-administered municipalities of China. The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. The population of the city proper is the third largest in the world, with around 29.2 million inhabitants in 2023, while the urban area is the most populous in China, with 39.3 million residents. As of 2018, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 9.1 trillion RMB ($1.33 trillion). Shanghai is one of the world's major centers for finance, business and economics, research, science and technology, manufacturing, transportation, tourism, and culture. The Port of Shanghai is the world's busiest container port. Originally a fishing village and market town, Shanghai grew in importance in the 19th century due to both domestic and foreign trade and its favorable port location. The city was one of five treaty ports forced to open to European trade after the First Opium War which ceded Hong Kong to the United Kingdom, following the Second Battle of Chuenpi in 1841, more than 60 km (37 mi) east of the Portuguese colony of Macau that was also controlled by Portugal following the Luso-Chinese agreement of 1554. The Shanghai International Settlement and the French Concession were subsequently established. The city then flourished, becoming a primary commercial and financial hub of Asia in the 1930s. During the Second Sino-Japanese War, the city was the site of the major Battle of Shanghai. After the war, the Chinese Civil War soon resumed between the Kuomintang (KMT) and the Chinese Communist Party (CCP), with the latter eventually taking over the city and most of the mainland. From the 1950s to the 1970s, trade was mostly limited to other socialist countries in the Eastern Bloc, causing the city's global influence to decline during the Cold War. Major changes of fortune for the city would occur when economic reforms initiated by paramount leader Deng Xiaoping during the 1980s resulted in an intense redevelopment and revitalization of the city by the 1990s, especially the Pudong New Area, aiding the return of finance and foreign investment. The city has since re-emerged as a hub for international trade and finance. It is the home of the Shanghai Stock Exchange, one of the largest stock exchanges in the world by market capitalization and the Shanghai Free-Trade Zone, the first free-trade zone in mainland China. Shanghai has been classified as an Alpha+ (global first-tier) city by the Globalization and World Cities Research Network. As of 2022, it is home to 12 companies of the Fortune Global 500 and is ranked 4th on the Global Financial Centres Index. The city is also a global major center for research and development and home to numerous Double First-Class Universities. The Shanghai Metro, first opened in 1993, is the largest metro network in the world by route length. Shanghai has been described as the "showpiece" of the economy of China. Featuring several architectural styles such as Art Deco and shikumen, the city is renowned for its Lujiazui skyline, museums and historic buildings including the City God Temple, Yu Garden, the China Pavilion and buildings along the Bund, which includes Oriental Pearl Tower. Shanghai is also known for its cuisine, local language, and international flair. Shanghai ranks sixth in the list of cities with the most skyscrapers and it is one of the biggest economic hubs in the world. Etymology The two Chinese characters in the city's name are 上 (shàng/zaon, "upon") and 海 (hǎi/hé, "sea"), together meaning "On the Sea." The earliest occurrence of this name dates from the 11th-century Song dynasty, when there was already a river confluence and a town with this name in the area. How the name should be understood has been disputed, but Chinese historians have concluded that during the Tang dynasty, the area of modern-day Shanghai was under sea level, so the land appeared to be literally "on the sea." Shanghai is officially abbreviated 沪 (Hù/wu) in Chinese, a contraction of 沪渎 (Hù Dú/wu-doq, "Harpoon Ditch"), a 4th- or 5th-century Jin name for the mouth of Suzhou Creek when it was the main conduit into the ocean. This character appears on all motor vehicle license plates issued in the municipality today. Alternative names 申 (Shēn/sén) or 申城 (Shēnchéng/sén-zen, "Shen City") was an early name originating from Lord Chunshen, a 3rd-century BC nobleman and prime minister of the state of Chu, whose fief included modern Shanghai. Shanghai-based sports teams and newspapers often use Shen in their names, such as Shanghai Shenhua and Shen Bao. 华亭 (Huátíng/gho-din) was another early name for Shanghai. In AD 751 during the mid-Tang dynasty, Huating County was established by Zhao Juzhen, the governor of Wu Commandery, at modern-day Songjiang, the first county-level administration within modern-day Shanghai. The first five-star hotel in the city was named after Huating. 魔都 (Módū/mó-tu, "Magical City"), a contemporary nickname for Shanghai, is widely known among the youth. The name was first mentioned in Shōfu Muramatsu's 1924 novel Mato, which portrayed Shanghai as a dichotomous city where both light and darkness existed. The city has various nicknames in English, including the "New York of China", in reference to its status as a cosmopolitan megalopolis and financial hub, the "Pearl of the Orient", and the "Paris of the East." This is similar to Ho Chi Minh City (also known as Saigon), in Vietnam, which has also been nicknamed as "Paris of the Orient," due to Vietnam's historical French status. History Antiquity The western part of modern-day Shanghai was inhabited 6,000 years ago. During the Spring and Autumn period (approximately 771 to 476 BC), it belonged to the Kingdom of Wu, which was conquered by the Kingdom of Yue, which in turn was conquered by the Kingdom of Chu. During the Warring States period (475 BC), Shanghai was part of the fief of Lord Chunshen of Chu, one of the Four Lords of the Warring States. He ordered the excavation of the Huangpu River. Its former or poetic name, the Chunshen River, gave Shanghai its nickname of "Shēn." Fishermen living in the Shanghai area then created a fish tool called the hù, which lent its name to the outlet of Suzhou Creek north of the Old City and became a common nickname and abbreviation for the city. Imperial era During the Tang and Song dynasties, Qinglong Town (青龙镇) in modern Qingpu District was a major trading port. Established in 746 (the fifth year of the Tang Tianbao era), it developed into what was historically called a "giant town of the Southeast," with thirteen temples and seven pagodas. Mi Fu, a scholar and artist of the Song dynasty, served as its mayor. The port experienced thriving trade with provinces along the Yangtze and the Chinese coast, as well as with foreign countries such as Japan and Silla. By the end of the Song dynasty, the center of.... Discover the Ted D Snow Cfp Mba popular books. Find the top 100 most popular Ted D Snow Cfp Mba books.