Chapter 15
∗ Shanghai is a metropolis in eastern China and a direct-controlled municipality of the People’s Republic of China. It is often regarded as the centre of finance and trade in mainland China. Shanghai has recorded a double-digit growth for 15 consecutive years since 1992 and has increased its role in finance, banking, and as a major destination for corporate headquarters, fueling demand for a highly educated and modernised workforce. In 2008, it’s nominal GDP posted a 9.7 per cent growth to 1.37 trillion Yuan.
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