Originally a fishing and textiles town, Shanghai grew to importance in the 19th century due to its favorable port location and as one of the cities opened to foreign trade by the 1842 Treaty of Nanking.[8] The city flourished as a center of commerce between east and west, and became a multinational hub of finance and business by the 1930s.[9] After 1990, the economic reforms introduced by Deng Xiaoping resulted in intense re-development and financing in Shanghai, and in 2005 Shanghai became the world's largest cargo port.[10]
The city is a tourist destination renowned for its historical landmarks such as the Bund and City God Temple, its modern and ever-expanding Pudong skyline including the Oriental Pearl Tower. Today, Shanghai is the largest center of commerce and finance in mainland China, and has been described as the "showpiece" of the world's fastest-growing major economy.
Source: http://en.wikipedia.org/wiki/Shanghai
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