History of Shanghai
Historic Transformation
Shanghai has undergone a historic transformation since its liberation on May
27, 1949. In the past more than 50 years, the city has seen marked progress in
its economic and social development. Particularly, since the Chinese government
adopted the reform and opening policy in 1978, Shanghai has made outstanding
achievements in building itself into a megalopolis. Today, Shanghai has become
one of the largest economic centers in China. Now, the city is striving to turn
itself into one of the economic, financial, trade and shipping centers in the
world. It also aims to lead the country in transforming the economic growth
mode, enhancing innovative ability, pushing forward the reform and opening, and
building a socialist harmonious society.By 2020, shanghai will be built into an
international financial and shipping center.
