Shanghai : ACA Publishing : 9781910760147 : 1910760145 : 24 Jul 2017 : Shanghai was the economic center of the far east in the early 20th century, when it was known as the 'Paris of the orient'. Decades of relative decline followed until the start of China's reform and opening-up policy and the decision to develop Pudong. Since then, Shanghai has regained its status as the country's leading industrial and commercial center, and emerged as a key city in the Asia-Pacific region. Today, it is focusing on a four-pronged development approach with the target of becoming not only one of the world's top financial centers by 2020 but also a global economic, trade and shipping hub. In 2015, Shanghai's financial sector grew by 23%, contributing 16.2% to the city's GDP. In shipping, it has supplanted Hong Kong and Singapore to become the busiest container port in the world with a total throughput of more than 37m TEUs in 2016. Shanghai, the Pacesetter of China's Reform and Opening Up provides a