A cargo ship sails on the Huangpu River in Shanghai on May 9, 2022 Photo: EPA-EFE
A cargo ship sails on the Huangpu River in Shanghai on May 9, 2022 Photo: EPA-EFE
Shanghai

Explainer |
Shanghai, home to Tesla, SMIC and GM and Volkswagen’s Chinese partner, is the most important city for China’s economy. Here’s why

  • The mainland’s commercial and financial hub accounts for 3.8 per cent of national GDP and is home to the country’s biggest companies and busiest port
  • The impact of Shanghai’s weeks-long lockdown on the national economy underscores the city’s crucial role

A cargo ship sails on the Huangpu River in Shanghai on May 9, 2022 Photo: EPA-EFE
A cargo ship sails on the Huangpu River in Shanghai on May 9, 2022 Photo: EPA-EFE
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