By Li Choy Chong
Increasingly, Shanghai is taking part in a pivotal position within the financial reform of China. Its place is emphasised by means of China's goal to restructure Shanghai's to turn into a base for monetary and advertisement growth. Li Choy Chong examines the enterprise atmosphere of Shanghai and its adjoining areas. He concentrates at the strategic and ancient value of the world and discusses the present infrastructural advancements and alterations in laws. The publication provides a finished evaluation and an appreciation of the company atmosphere in addition to principles on company possibilities in Shanghai.
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Additional info for Business Environment and Opportunities in China: Shanghai and its Surrounding Region
By the end of 1995, there were over 145,000 retail outlets. However, the best place to buy top quality and fresh food, or just to pay a visit to satisfy one's euriosity, are the numerous street markets. 31 The calculation is done the same way as in Switzerland. To calculate your actual laX, take your incorne, deduct the amount of the bottorn of your range, rnultiply with the tax rate and add the starting amoun!. So, for an incorne of RMB 54'()()() (CHF 9'8(0) deduct 44'()()(), giving 10'000, rnultiply with 30%, giving 3'()()() and add 8' 625, resulting in a total amount of RMB 11' 625.
4 Economic Structure Shanghai's industries cover aii three sectors. The primary sector contributes the least to Shanghai's economy, being more prevalent in the two neighbouring provinces. The secondary sector embraces most of Shanghai's industries. Slightly less added value has been produced by the tertiary industry. 7% Figure 1-11: Shanghai's economy injigures (1996) Source: Shanghai Statistics. 1 Shanghai Statistics. 18 Industrial Added Value 1996 Prlmary Industry 3% Tertlary Industry 42% Secondary Industry 55% Figure 1-12: Industrial Added Values, 1996 Source: Shanghai Statistics.
Exports, however, were dominated 12 by the heavy industries (more than 50% with commodities such as cotton with just below 30%, consumer goods and textiles with about 12% and agricultural goods with about 8%). From the turbulent years after World War il up to the present, Shanghai has been the major Chinese centre for Foreign Trade. From Central Planning to Market Economy: 1978-1997 Since 1978, Shanghai has followed pragmatic economic reforms under the guidance of Deng Xiaoping. The economic reforms centred around the "four modemisations"; • agri cui ture • industry • science and technology • national defence In the agricultural sector the govemment agreed to transfer the land they cultivated to farmers.