Shanghai | |
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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.
London | |
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London is the capital and largest city of England and the United Kingdom. The city stands on the River Thames in the south-east of England, at the head of its 50-mile (80 km) estuary leading to the North Sea. London has been a major settlement for two millennia. Londinium was founded by the Romans. The City of London, London's ancient core and financial centre − an area of just 1.12 square miles (2.9 km2) and colloquially known as the Square Mile − retains boundaries that closely follow its medieval limits. The adjacent City of Westminster is an Inner London borough and has for centuries been the location of much of the national government. Thirty one additional boroughs north and south of the river also comprise modern London. London is governed by the mayor of London and the London Assembly.London is one of the world's most important global cities and has been called the world's most powerful, most desirable, most influential, most visited, most expensive, sustainable, most investment-friendly, and most-popular-for-work city. It exerts a considerable impact upon the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism and transportation. London ranks 26th out of 300 major cities for economic performance. It is one of the largest financial centres and has either the fifth- or sixth-largest metropolitan area GDP. It is the most-visited city as measured by international arrivals and has the busiest city airport system as measured by passenger traffic. It is the leading investment destination, hosting more international retailers than any other city. As of 2020, London has the second-highest number of billionaires of any city in Europe, after Moscow.
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