Luxembourg vs Shanghai

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Luxembourg (Luxembourgish: Lëtzebuerg, French: Luxembourg, German: Luxemburg), also known as Luxembourg City (Luxembourgish: Stad Lëtzebuerg or d'Stad, French: Ville de Luxembourg, German: Stadt Luxemburg, Luxemburg-Stadt), is the capital city of the Grand Duchy of Luxembourg and the country's most populous commune.

Standing at the confluence of the Alzette and Pétrusse rivers in southern Luxembourg, the city lies in the center of Western Europe, located 213 km (132 mi) by road from Brussels, 372 kilometers (231 mi) from Paris, and 209 km (130 mi) from Cologne. The town comprises Luxembourg Castle, established by the Franks in the Early Middle Ages, around which a settlement developed. As of 31 December 2019, Luxembourg City has a population of 122,273 inhabitants, which is more than three times the population of the country's second most populous commune (Esch-sur-Alzette). The city's population includes 160 nationalities.



Foreigners represent 70% of the city's population, while Luxembourgers represent 30 percent of the population, and the amount of foreign-born residents in town rises steadily each year.In 2011, Luxembourg was rated as having the second-highest per capita GDP in the world at $80,119 (PPP), with the city having grown into a banking and administrative center. In the 2011 Mercer worldwide survey of 221 cities, Luxembourg was set first for personal security, while it was ranked 19th for quality of living.Luxembourg is one of the de facto capitals of the European Union (alongside Brussels, Frankfurt, and Strasbourg), as it is the seat of several institutions, agencies, and bodies of the European Union, such as the Court of Justice of the European Union, the European Court of Auditors, the Secretariat of the European Parliament, the European Investment Bank, the European Investment Fund, the European Stability Mechanism, and Eurostat.

Source: Wikipedia

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Shanghai (Chinese: 上海, Shanghainese pronunciation: [zɑ̃̀.hɛ́] (listen), Standard Mandarin pronunciation: [ʂâŋ.xài] (listen)) is one of the four direct-administered municipalities of the People's Republic of China. It is under the direct administration of the State Council of China. The city is located on the southern estuary of the Yangtze, with the Huangpu River flowing through it. With a population of 24.28 million as of 2019, it is the most populous urban area in China and the second most populous city proper in the world. Shanghai is a global center for finance, technology, manufacturing, and transportation, and 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 trade and its favorable port location. The city was one of five treaty ports forced open to foreign trade after the First Opium War. The Shanghai International Settlement and the French Concession were subsequently established. The city then flourished, becoming a primary commercial and financial hub of the Asia-Pacific region in the 1930s. During the Second Sino-Japanese War, the city was the site of the major Battle of Shanghai. After the war, with the CPC takeover of mainland China in 1949, trade was limited to other socialist countries and the city's global influence declined. In the 1990s, economic reforms introduced by Deng Xiaoping resulted in an intense redevelopment of the city, 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 China. Shanghai is classified as an Alpha+(global first tier) city, making it one of the world's Top 10 major cities together with Hong Kong and Beijing in China by the Globalization and World Cities Research Network. Shanghai is a global financial center, ranking first in Asia and third globally (after New York and London) in the Global Financial Centres Index.Shanghai is an international center of research and development and is ranked 5th globally and 2nd in Asia (after Beijing which ranks 1st globally) by scientific research, as tracked by the Nature Index. The city is home to highly ranked institutions in Asia and the world such as Fudan University, Shanghai Jiao Tong University, Tongji University, and East China Normal University. Shanghai has been described as the "showpiece" of the booming economy of China. Featuring several architecture 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. Shanghai is also known for its sugary cuisine, distinctive dialect and vibrant international flair. Every year, the city hosts numerous national and international events, including Shanghai Fashion Week, the Chinese Grand Prix and ChinaJoy.

Source: Wikipedia