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Shanghai
is the largest city in China and is beautifully situated
on the banks of the Yangtze River. The city is the largest
centre of China’s economic, financial, administrative
and communication platform. In the early stage of development
Chinese, Shanghai is a fishing area, but gradually as
technological innovation has taken place, it has become
an economic center for the country. Therefore, pre-1949
Shanghai was the most important place in China marked
its economic development drastic and important center
of international trade.
However, in 1949, when the Communist
Party of China has undertaken administrative control in
hand, Shanghai came under enormous fiscal control of government.
At this moment Shanghai has lost all its foreign investor
because of stringent budgetary policies. Again in the
year 1990 with the advent of the concept of liberalization
and globalization in the new China adopted the policy
of open market. With such an initiative |