Tuesday, July 12, 2011

China's Economy Is Booming Day By Day

   The economic, social, urban and rural development of China is not less than a miracle in the world as a country without more investment in research and development fields according to their competitors has forced the entire world to confess that China had become a manufacturing factory for the world and its economy is booming day by day.
   In fact it’s not fair to ignore the inflation problem confronted by Chinese government but they are achieving GDP development in their economy as a result of increase in exports and foreign reserves. The Pakistani media delegation that came to visit Shanghai, the industrial hub and agriculture City of China witnessed much development in Shanghai as it has become an urban myth that at one time, one-quarter of the world’s construction cranes were in Shanghai.
Indeed, it now has now more skyscrapers than New York City.
   Shanghai’s historical upheavals and rebirths can be traced through architecture, with its colonial legacy and capitalist boom. The City is being transformed with mind-bogglingly ambitious plans.
   The latest symbol of Shanghai’s urban culture is Xintiandi, a bustling shopping and entertainment district. But these luxury boutiques, which appear to be housed in traditional lane houses, are not what they seem.
In fact, Xintiandi is a re-imagining of Shanghai’s old street scape as consumer experience, dreamed up by American architect Ben Wood.
   Traditional music wafts along the street, heightening the film-set feel of the place. This is Shanghai’s most hyped urban development of recent years.
But the decision to leave some old buildings standing is the exception rather than the rule. The more-accepted new face of Shanghai is an ever-growing labyrinth of skyscrapers. From an observation deck in Pudong, a district across the river from Shanghai’s original settlement, skyscrapers stretch out into the distance as far as the eye can see.
   Twenty years ago, this area was just farmland. Now, this viral growth of skyscrapers, this City on steroids, symbolizes China’s urban future.

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