As an indicator of the phenomenal speed at which the Chinese economy is growing, the World Bank’s prediction of 7.5% growth in 2009 – in spite of the global economic crisis – is telling.
Chinese investment abroad, meanwhile, has increased globally by almost 50% in the last two years. It reached almost US$120 billion at the end of 2007, and increased by a further US$25 billion in 2008.
The city of Shanghai itself, which is already experiencing phenomenal growth and change, is readying itself for the Expo with a massive infrastructure programme: six new railway lines with an additional 200 stations are being built; the road system is being redeveloped and around 300 new hotels are to be built, with a further 400 due for renovation.
The combined region is home to approximately 140 million people, with dynamic cities, strong tourism facilities and a rapidly diversifying economy. Shanghai and the surrounding region represent an arena of opportunity for businesses and organisations of many kinds.