Shanghai Economy
A recent survey released by the Chinese Academy of Social Sciences indicates that Shanghai ranks top in terms of comprehensive economic competitiveness among all China's provinces and municipalities. With a unique geographical location and historical significance, Shanghai has become the biggest port and a center of technique, trade, finance, information and culture in mainland China today. Also it is a famous international port and now ranks sixth in the latest edition of the Global Financial Centres Index published by the City of London. Taking up only 0.06% of the country's land area, Shanghai now generates about 8.3% of China's gross industrial output value, 10% of its ports' cargo-throughput, 25% of the total value of the country's imports and exports and 12.5% of the total revenue of China.
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