Shanghai Real Estate market

Shanghai (Chinese: 上海; Pinyin: Shànghǎi; Shanghainese: /zɑ̃'he/; abbreviation: 沪; nickname: 申), situated on the banks of the Yangtze River Delta in East China, is the largest city of the People's Republic of China and the eighth largest in the world.[4] Widely regarded as the citadel of China's modern economy, the city also serves as one of the nation's most important cultural, commercial, financial, industrial and communications centers. Administratively, Shanghai is a municipality of the People's Republic of China that has province-level status. Shanghai is also one of the world's busiest ports, and became the largest cargo port in the world in 2005.
Originally a fishing town, Shanghai became China's most important city by the twentieth century and was the center of popular culture, intellectual discourse and political intrigue during the Republic of China era. After the communist takeover in 1949, Shanghai languished due to heavy central government taxation and cessation of foreign investment, and had many of its supposedly "bourgeois" elements purged. Following the central government's authorization of market-economic redevelopment of Shanghai in 1992, Shanghai has now surpassed early-starters Shenzhen and Guangzhou, and has since led China's economic growth. Some challenges remain for Shanghai at the beginning of the 21st century, as the city struggles to cope with increased worker migration, a huge wealth gap, and environmental degradation. Despite these challenges, Shanghai's skyscrapers and modern lifestyle are often seen as representing China's recent economic development.

Friday, January 18, 2008

Shanghai's Gubei 'India town'

GUBEI New Area is becoming Shanghai's "Indiatown" with more and more Indian people settling there.

Every Saturday evening, they visit each other and chat about life in Shanghai.

"Life in Shanghai is easy with elevated highways, subways and supermarkets," said Rajesh Tiwari from Bombay, the financial capital of India.

"Our children receive a good education in Yew Chung Shanghai International School.

"The climate here is fascinating to Indian families as compared with the hot and humid weather in India. We can experience four seasons here," said Tiwari who has been living in the city for three years.

His words were echoed by Ravi Ranjan from Chandigarh, saying Shanghai is a good city to live in. He came to this conclusion after visiting many other cities in China.

"Infrastructure here is excellent and the business environment is OK," said Ranjan. He works for the Shanghai-based Thakral Corporation Ltd.

Many in the Indian community enjoy reading a paper in the morning. "In Shanghai, we also have a lot of English-language newspapers and magazines to read," Mickey Panjwani said, listing Shanghai Star as one of them.

Latha, a housewife, said many children has made friends with lots of local Chinese.

"My daughter can now speak very good Chinese and she is my interpreter when I communicate with my housekeeper," she said.

Latha and her husband G. Padmanabhan are vegetarians and have many good things to say about chefs in local restaurants.

"They often invite us into restaurant kitchens to check what we need," Latha said.

Many Indian people are fond of hot and spicy food, so they often prefer Sichuan and Hunan cuisine to local food. But they love local vegetables. Indian expatriates regard Shanghai as a "home away from home," especially because the Indian community holds many parties and get-togethers. For any further information about the Indian community please contact Rajesh Tiwari at rajesh@public4.sta.net.cn.

Shanghai Star