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Shanghai, China

Shanghai - People's Republic of China Shanghai is the largest city in the People's Republic of China and one of the largest metropolitan areas in the world, with more than 24 million inhabitants. Located on the central coast of eastern China, at the mouth of the Yangtze River, the city is administered as a Chinese municipality with provincial level status. Originally a town whose economy was based on fishing and the textile sector, Shanghai gained importance in the 19th century due to the favorable location of its port and being one of the cities opened to foreign trade by the Treaty of Nanjing in 1842. The city flourished as a trading center between East and West and becoming an international financial hub in the 1930s. However, when the Communist Party of China came to power in 1949, the city's international influence declined. In 1990, economic reforms introduced by Deng Xiaoping led to intense development in the city, and in 2005, Shanghai became the largest cargo port in the world. The city is a tourist destination famous for its landmarks such as the Bund, City of God Temple, the modern and ever-expanding financial center of Pudong, home to the famous Oriental Pearl Tower, and for its new reputation as a center cultural cosmopolitan. Shanghai is the largest commercial and financial center in mainland China and has been described as a great example of the strength of the Chinese economy.