Shanghai is often regarded as the center of finance and trade in mainland China. Modern development began with economic reforms in 1992, a decade later than many of the Southern Chinese provinces, but since then Shanghai quickly overtook those provinces and maintained its role as the business center in mainland China. Shanghai also hosts the largest share market in mainland China.
Shanghai is one of the world's busiest ports. In 2005, Shanghai ranked first of the world's busiest ports in terms of cargo throughout, handling a total of 443 million tons of cargo. In terms of container traffic, it just surpassed Hong Kong to become the second busiest port in the world, behind Singapore.
Shanghai is one of the world's busiest ports. In 2005, Shanghai ranked first of the world's busiest ports in terms of cargo throughout, handling a total of 443 million tons of cargo. In terms of container traffic, it just surpassed Hong Kong to become the second busiest port in the world, behind Singapore.
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