In 2024, the real gross domestic product (GDP) of Shanghai municipality in China increased by around *** percent from the previous year. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP growth in Shanghai As a bridgehead to global markets and a forerunner in market opening, Shanghai experienced a decades long economic boom, which massively changed the shape of the city. Economic growth rates had double digits for more than two decades since 1992 and were well above the Chinese national average. This changed fundamentally with the global financial crisis. In 2008, the growth rate fell below ten percent and gradually declined thereafter. Growth rates now got closer to the national average of GDP growth. While the economic development in Shanghai has already reached a high level, other regions in China are catching up, and growth rates in many inland regions of China are now higher than in Shanghai. This is especially true on a city level, with many lower-tier cities experiencing higher growth rates than Shanghai. Sector distribution of GDP growth Upon closer examination of the distribution of GDP across economic sectors, it becomes obvious that the service sector of the economy exhibited the highest growth rates in most of the recent years. In 2024, services already accounted for more than ** percent of the value added to the GDP, which is far above the national average. In contrast, the industrial sector, which had once been of great importance to Shanghai's economy, is losing momentum and its share in total economic output is shrinking constantly. Financial intermediation and information industries were branches in the service sector that displayed the fastest growth rates in recent years.

This raster layer shows the areas of Shanghai, China which were developed between 1990 and 2000. Categories of new development represented in these data include: infill, extension and leapfrog. Infill represents development within all the open spaces in the urban footprint of the earlier period excluding exterior open space. Extension represents development in contiguous clusters that contained exterior open space in the earlier period and that were not infUnited States Leapfrog represents development entirely outside the exterior open space of the earlier period. These data are part of the Atlas of Urban Expansion.

By 2035, over 34 million people are projected to call Shanghai home. To reduce this number, the Chinese Government implemented population controls for the city in 2017 which aimed to limit the population living in the administrative area of Shanghai municipality to just around 25 million people in 2035.

Megacity – Shanghai

As China’s cities become increasingly urbanized, the demographic of this megacity has also changed considerably over the years, with more and more Chinese locals and foreigners opting to dwell in Shanghai for work and cultural opportunities. A huge proportion of residents in the city originate from other regions in China. Over 39 percent of the city’s residents are long-term migrants and Shanghai host’s many foreigners and expats.

A global financial hub as well as the largest city by population, Shanghai is located on China’s central coast, making it an ideal location to accommodate the world’s busiest container port. The economic contribution of the city to China is significant - Shanghai’s gross domestic product contribution amounted to almost 4.7 trillion yuan in 2023. Despite recent restrictions to land made available for construction, the value of investment in real estate development in Shanghai has continued to increase. To mitigate the effects of its high population, the city has stated it will intensify environmental protection measures.

In 2023, the real gross domestic product (GDP) of the city of Suzhou in China grew by *** percent compared to the previous year, according to preliminary data. Suzhou is a major city close to Shanghai. It is located in Jiangsu province in Eastern China.

The Canned Food Production industry in China has fluctuated over the five years through 2024. Increased working hours and busy lifestyles have led to increased demand for canned and bottled food. However, China's canning market gradually entered the period of industrial structure adjustment restrained market demand in recent years. Domestic demand alone has been decreasing an annualized 0.2% over the five years to 2024, to an estimated $23.2 billion. Industry revenue is expected to decrease an annualized 0.1% to reach $31.5 billion in 2024. Revenue growth largely fluctuated in the five-year period and has slowed since 2018. Industry revenue is expected to grow 4.5% in the current year. Canned and bottled food exports are an important contributor to the industry, accounting for an estimated 51.4% of industry revenue in 2024, down from a peak of 94.8% in 2004. Prior to the mid-2000s, the domestic market was somewhat neglected by canned food producers. Although domestic demand has decreased in recent years, there is still significant potential demand for canned foods in China. Domestic consumption of canned food lags far behind the international level compared with the United States, Western Europe and Japan. Increased domestic demand will likely be the main driver of further industry development, with revenue forecast to grow an annualized 5.9% over the next five years. By 2029, revenue is projected to reach $41.9 billion. However, exports will continue to grow strongly, increasing an annualized 4.5% to $13.4 billion.

In 2023, the average price of real estate in China was approximately ****** yuan per square meter, representing a decrease from the previous year. Rising prices in the real estate market Since the 1998 housing reform, property prices in China have been rising continuously. Housing in the country is now often unaffordable, especially considering the modest per capita income of Chinese households. Shanghai and Beijing even have some of the most competitive real estate markets in the world. The rapid growth in housing prices has increased wealth among homeowners, while it also led to a culture of speculation among buyers and real estate developers. Housing was treated as investments, with owners expecting the prices to grow further every year. Risk factors The expectation of a steadily growing real estate market has created a property bubble and a potential debt crisis. As Chinese real estate giants, such as China Evergrande and Country Garden, operate by continuously acquiring land plots and initiating new projects, which often require substantial loans and investments, a slowdown in property demands or a decline in home prices can significantly affect the financial situation of these companies, putting China’s banks in a vulnerable position. In addition, due to a lack of regulations and monetary constraints, the long-term maintenance issues of high-rise apartments are also a concern to the sustainable development of China’s cities.

According to the annual ranking of Forbes Global 2000 which measures the world's largest public companies, Shanghai Pharmaceuticals ranked first among the top Chinese pharmaceutical companies in terms of sales value in 2025, amounting to approximately 38 billion U.S. dollars. China Resources Pharmaceutical Group took the second place with 35.8 billion U.S. dollars in sales value. The third place belonged to Yunnan Baiyao Group with a sales revenue of 5.53 billion U.S. dollars. Staying ahead of the game China’s healthcare market is highly competitive with over 4,000 pharmaceutical players. Industry giants like Sinopharm and Shanghai Pharmaceuticals usually have strong control over distributor networks, which are essential for reducing costs and achieving faster growth. These market leaders have been eager to progress from an imitator to an innovator, spending hundreds of million yuan on developing new drugs and technology. In the eight-year span between 2015 and 2022, Shanghai Pharmaceuticals increased its research and development (R&D) costs from 618 million yuan to more than 2.8 billion yuan. In some firms, the share of sales revenue spent on R&D could reach as high as 12 percent. A highly competitive market When it comes to financial health in the pharmaceuticals industry, leading in sale revenue does not always mean yielding the highest profit. In terms of annual profit, the partly state-owned Sinopharm Group stood first again in the Forbes ranking in 2023. However, Jiangsu Hengrui Medicine and Yunnan Baiyao Group overtook Shanghai Pharmaceuticals, and Jointown Pharmaceutical Group was down to the eighth spot. Given the long period of time between initial research and finally launching a product to the health market, it is always challenging for pharmaceutical companies to earn a profitable return on investment.

China SPDB: Deposits in Foreign Currency: Resident Remittance: Saving data was reported at 344.330 USD mn in Dec 2000. This records an increase from the previous number of 293.140 USD mn for Sep 2000. China SPDB: Deposits in Foreign Currency: Resident Remittance: Saving data is updated quarterly, averaging 271.555 USD mn from Mar 2000 (Median) to Dec 2000, with 4 observations. The data reached an all-time high of 344.330 USD mn in Dec 2000 and a record low of 220.130 USD mn in Mar 2000. China SPDB: Deposits in Foreign Currency: Resident Remittance: Saving data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KE: Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency.

China SPDB: Deposits in Foreign Currency: Resident Remittance data was reported at 1.472 USD bn in Dec 2000. This records an increase from the previous number of 1.333 USD bn for Sep 2000. China SPDB: Deposits in Foreign Currency: Resident Remittance data is updated quarterly, averaging 1.273 USD bn from Mar 2000 (Median) to Dec 2000, with 4 observations. The data reached an all-time high of 1.472 USD bn in Dec 2000 and a record low of 1.093 USD bn in Mar 2000. China SPDB: Deposits in Foreign Currency: Resident Remittance data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KE: Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency.

China SPDB: Deposits in Foreign Currency: Resident Remittance: Enterprise data was reported at 1.127 USD bn in Dec 2000. This records an increase from the previous number of 1.040 USD bn for Sep 2000. China SPDB: Deposits in Foreign Currency: Resident Remittance: Enterprise data is updated quarterly, averaging 1.002 USD bn from Mar 2000 (Median) to Dec 2000, with 4 observations. The data reached an all-time high of 1.127 USD bn in Dec 2000 and a record low of 872.700 USD mn in Mar 2000. China SPDB: Deposits in Foreign Currency: Resident Remittance: Enterprise data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KE: Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency.

China SPDB: Loans in Foreign Currency: Medium to Long Term data was reported at 119.390 USD mn in Dec 2001. This records a decrease from the previous number of 142.020 USD mn for Sep 2001. China SPDB: Loans in Foreign Currency: Medium to Long Term data is updated quarterly, averaging 144.600 USD mn from Mar 2000 (Median) to Dec 2001, with 8 observations. The data reached an all-time high of 342.560 USD mn in Mar 2000 and a record low of 113.500 USD mn in Dec 2000. China SPDB: Loans in Foreign Currency: Medium to Long Term data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KE: Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency.

China SPDB: Deposits in Foreign Currency: Non Resident Remittance data was reported at 60.500 USD mn in Dec 2000. This records a decrease from the previous number of 209.600 USD mn for Sep 2000. China SPDB: Deposits in Foreign Currency: Non Resident Remittance data is updated quarterly, averaging 239.600 USD mn from Mar 2000 (Median) to Dec 2000, with 4 observations. The data reached an all-time high of 299.600 USD mn in Mar 2000 and a record low of 60.500 USD mn in Dec 2000. China SPDB: Deposits in Foreign Currency: Non Resident Remittance data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KE: Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency.