Shanghai (Chinese: 上海; Shanghainese: Zånhae [z̥ɑ̃̀hé]; Mandarin pinyin: Shànghǎi Mandarin pronunciation: [ʂɑ̂ŋxài]) is the most populous city in China. The city is located in eastern China, at the middle portion of the Chinese coast, and sits at the mouth of the Yangtze River. Due to its rapid growth in the last two decades, it has again become a global city, exerting influence over finance, commerce, fashion, and culture.
Once a fishing and textiles town, Shanghai grew in importance in the 19th century due to its favourable port location and was one of the cities opened to foreign trade by the 1842 Treaty of Nanking. The city then flourished as a centre of commerce between east and west, and became a multinational hub of finance and business in the 1930s. However, with the Communist Party takeover of the mainland in 1949, the city's international influence declined. In 1990, the economic reforms introduced by Deng Xiaoping resulted in an intense re-development of the city, aiding the return of finance and foreign investment to the city. Shanghai is now aiming to be a global finance hub and international shipping centre in the future, and is one of the world's major financial centres.
Shanghai is also a popular tourist destination renowned for its historical landmarks such as The Bund, City God Temple and Yuyuan Garden, and its extensive yet growing Pudong skyline. It is described as the "showpiece" of the booming economy of China.
Chen Liangyu (born October 1946 in Ningbo, Zhejiang) was a politician of the People's Republic of China from the ruling Communist Party, and the disgraced CPC Shanghai Committee Secretary, or the city's first-in-charge.
He has worked in Shanghai for his entire public life, serving as its Mayor from 2001–2003. Known to be a prominent member of the Shanghai clique, and a close ally of former president Jiang Zemin and a formidable rival to the Hu Jintao administration, Chen was dismissed in September 2006 for alleged corruption charges related to the misuse of money in Shanghai's social security fund. He was sentenced in Tianjin on April 11, 2008, to 18 years in prison on charges of financial fraud, abuse of power, and accepting bribery. Read more...