Since Shanghai was put under hard lockdown, many factories halted production. As the situation normalizes, Shanghai factories reopen to ensure economic growth and reach the planned annual growth rate for this year. China’s Ministry of Industry and Information Technology has published a “whitelist” containing the first batch of companies in Shanghai that are allowed to resume production under certain conditions.
Shanghai is one of the most popular cities in China, willingly visited by numerous tourists from around the world. Some of them decide to go on a tourist trip, while others plan to stay there for a little longer. Many people choose to study in this big city because of the wide range of universities. There are also many people interested in working in Shanghai. So how does life look like in Shanghai? What is the cost of living in Shanghai?
Being an isolated “Kingdom under the Heavens” is the one thing – but the drive to get profits is another. Through its long history, China has employed many measures to promote international trade, and one of the most frequent is opening a certain area for foreign companies. Thirty years ago the first Special Economic Zones were open – now it is the time for Free Trade Zones.
