Shanghai, the largest city in China and the financial center of the Asia-Pacific region. New York, the financial center of the world.
<h1 class="pgc-h-arrow-right" data-track="2" > the historical comparison of Shanghai and New York</h1>
Shanghai is a young city with only 170 years of port opening history from November 17, 1843 to 2013. But the Shanghai area dates back more than two thousand years to the Spring and Autumn Warring States period. Spring and Autumn was the land of the Princely State of Wu with the surname Ji, and during the Warring States period, it was the Feudal Title of Shenjun of the Chu State, so Shanghai was also known as "Shen".
In 1842, British imperialism forced the Qing government to sign the Treaty of Nanjing, which listed Shanghai as one of the five treaty ports. Later, US and French imperialism also forcibly opened concessions in Shanghai, and Shanghai at that time, as a "paradise for adventurers", was plundered by imperialism in various ways.
The free and open environment attracted a large influx of merchants and aristocrats, literati and inkers, revolutionaries and other people from all over the country and even the world, and by the beginning of the 20th century, Shanghai became the economic and cultural center of China and the financial and trade center of Asia. It was established as a special city in 1927 and is now one of the four municipalities directly under the central government of China. In 1958, 10 counties in Jiangsu Province, including Jiading County and Baoshan County, were incorporated into Shanghai, and the area of Shanghai was expanded by 10 times.
New York Habour is the largest port in the United States and an integral element of the local economy and urban development. The gallery exhibits objects and images from the period 1609-1889, and through innovative interactive installations, one can immerse oneself in the "New Yorkers of the past" and stroll through the streets of history.
As a city, New York has many world-renowned auras: the largest city and economic center in the United States, the world's financial and commercial center, one of the two top international metropolises, the largest immigrant entrance city in history, a benchmark for multiculturalism, the seat of the United Nations Headquarters and the center of world diplomacy. In 2019, New York was named the world's most influential city by time out, a well-known urban magazine.
The "Proud Capital" of 1840-1865, with the theme of confrontation between native residents and immigrants, had both municipal issues; in the eighty years from the end of the Civil War to the end of World War II, New York experienced "City of Empires", "City of Ambitions" and "City of Dreams", first the conflict between monopoly capital and the public and government departments intensified unprecedentedly, then the struggle between progressiveism and conservatism jumped to the top, and finally, the impact of the Great Depression and Roosevelt's New Deal pushed government intervention and free market conflicts to the center of the whirlpool.
In the half century after World War II, New York experienced the ups and downs from the "city of the world" to the "city of threats", the government and the market struggle reversed, first the liberals gained power, then the conservatives revived, the focus of social conflict shifted from social resistance movements to class confrontation; since the 21st century, New York under the wave of globalization has experienced more challenging impacts such as terrorist attacks and financial crises, and the new and old conflicts have intertwined, shaping a more open "restless city".
<h1 class="pgc-h-arrow-right" data-track="36" > Comparison of the economy and industry in Shanghai and New York:</h1>
Since the 1990s, especially after entering the 21st century, Shanghai has taken the construction of the "four centers" as the goal and the implementation of the strategy of "rejuvenating the city through science and education" as the starting point, further expanded the opening of foreign houses, accelerated scientific and technological and institutional innovation, and is a good trend for the national economy to maintain sustained, rapid and healthy development, and the growth of autonomy is growing at a continuous growth rate. Since 1992, Shanghai's economy has maintained double-digit growth for 12 consecutive years. In 2003, Shanghai's GDP reached 625.081 billion yuan, an increase of 11.8% over the previous year at comparable prices, an increase of 11.8% over the previous year, an increase of the highest level in six years, an increase of 3.3 times over 1990, an average annual growth rate of 11.9%. The level of social productivity has steadily increased, and the economic strength has been further enhanced. Shanghai's per capita GDP, which is converted according to the household registration population and the exchange rate of the current year, exceeded 2,000 US dollars for the first time in 1993, jumped up to 3,000 US dollars in 1997, reached a new level of 4,000 US dollars in 2000, and exceeded 5,000 US dollars in 2003, reaching 5642 US dollars, continuing to rank first in the country's provincial-level regions except Hong Kong, Macao and Taiwan. Fiscal revenue continues to maintain a good momentum of rapid growth, which provides a strong guarantee for Shanghai's economic growth and the development of various social undertakings.
In 2020, Shanghai's GDP reached 3,870.058 billion yuan, an increase of 1.7% year-on-year, and continued to rank first among Chinese cities. Shanghai administers 16 districts, with a total area of 6,340.5 square kilometers and a permanent population of about 25 million. Shanghai is not only the economic center of China, but also the center of finance, shipping, science and technology.
New York is widely recognized as the capital of the world, the largest metropolis and the largest commercial port in the United States. Also the financial center of the United States, now the largest economic and financial center, Wall Street in Manhattan, New York is known as synonymous with "finance", New York has the New York Stock Exchange, 56 of the world's top 500 companies are headquartered in New York, including the famous Citibank, Morgan Stanley, Goldman Sachs, JPMorgan Chase, American International Group and other famous companies. Globally, New York is known for its enormous influence in finance and commerce.
The New York Stock Exchange was born in 1792 and has a history of more than 200 years. The rise and fall of the stock market here will have a more or less chain reaction with the stock markets of other countries around the world.
New York City will face a $9 billion deficit over the next two years, coupled with high unemployment and the potential to lay off 22,000 civil servants. The growing economic crisis triggered by the COVID-19 pandemic prompted Gov. Curmus to recently claim to tighten control over the group that oversees New York City's finances. According to media reports, the state of New York City is increasingly worried about the direction of the budget, even if billions of dollars are cut to balance finances, but still face significant funding challenges. Local officials have repeatedly called on Congress to approve the bailout package, but no final rule has yet been made. Now many of the same situations are starting to happen as they were in 1975, and if that happens, New York City will be in financial trouble."
Over the past 20 years, as New York City has benefited from strong economic development, the Commission has also successfully adopted its annual budget each year. But since the outbreak of COVID-19, the economic situation has taken a sharp turn for the worse, with unemployment at nearly 20 percent in June. De Blasio recently described our financial situation as bad at the moment and could deteriorate next year. I've told New Yorkers that they're now in a situation where they have no choice.
<h1 class="pgc-h-arrow-right" data-track="37" > comparison of future development directions and goals in Shanghai and New York:</h1>
So as the largest economy in China, where will Shanghai's future development direction be? From the perspective of subway lines, Shanghai is already very dense, but it is mainly concentrated in central urban areas such as Xujiahui, People's Square, The Bund, and Lujiazui. These areas are bound to be the most important development directions for Shanghai in the future.
The area of downtown Shanghai is 660 square kilometers, accounting for about one-tenth of the city. According to public information, the downtown area of Shanghai includes Huangpu District, Xuhui District, Changning District, Jing'an District, Putuo District, Hongkou District, Yangpu District and the Outer Ring Inner Urban Area of Pudong New Area.
If we look at the development potential, there is not much room for improvement in the central urban area. But in terms of importance and strategic significance, the downtown area of Shanghai must be the most important direction. In the early documents, Shanghai proposed the "cross axis" of the key development of the central urban area and the industrial belt along the river and the coast, and took the suburban new city as the construction focus.
In Shanghai's 14th Five-Year Plan, it has been reflected that the urban core of Shanghai will be a river and a river area, which refers to the Huangpu River, and the river is the Suzhou River. In addition to this core area, Shanghai has also proposed plans for five new cities. Some scholars have proposed that Shanghai's urban configuration will have 1 central urban area and 5 "independent comprehensive node cities".
The planning document proposes that Shanghai should vigorously promote the new spatial pattern of "central radiation, two wings flying together, new city power, and north-south transformation", and build the five new cities of Jiading, Qingpu, Songjiang, Fengxian and Nanhui into independent comprehensive node cities.
The positioning of Shanghai's five new cities will enable Shanghai to flow in terms of population, science and technology, transportation and other resources. Many netizens said that the downtown area of Shanghai is the soul of Shanghai, and the five new cities will fully expand the spatial scope of Shanghai, which is the key to making Shanghai bigger and stronger.
So which of the five new cities in Shanghai has the most potential? At present, from the perspective of all parties, there is basically no agreement. Some scholars believe that although Nanhui is the farthest from the central urban area, it has a port industry, which must also be the main direction of Shanghai's future.
With OneNYC2050, New York will tackle global warming from buildings to streets. Encourage mobility such as walking, cycling and public transportation, while requiring cars to be more environmentally friendly. Pledges to withdraw pension investments in the fossil fuel industry to combat oil giants (28.9 percent owned by the U.S. National Fund, 2014) and reduce the use of plastics, polystyrene products and single-use items. In addition to sustainable development, equality is also the goal of this plan. New York is working to close the gap between rich and poor, hoping that everyone will be accepted into public life and ensure the economic security, dignity and educational resources of the community. New York City hopes to pull every citizen along the road together.
OneNYC2050 aims to explore and evaluate the various challenges facing New York, develop strategies to address them, and chart a vision for New York in 2050. At the same time, it affirmed the role of public participation of New York citizens, and believed that the birth of OneNYC2050 was inseparable from the voice of thousands of citizens at dozens of events in the five major districts of New York. New York will lead all citizens on the path of strengthening democracy, rebuilding infrastructure, addressing educational and health injustices, confronting the global climate crisis, and consolidating community homes.
Finally, the plan paints a picture of New York City in 2050 in nine ways:
New York city will have a population of more than 9 million and a diverse population, with more than a million people flocking to New York every day to work and explore the city's culture and community, with a vibrant and positive atmosphere;
New York will be prepared to tackle climate change, no longer dependent on fossil fuels, and the city's buildings, transportation and economy will be powered by renewable energy;
New Yorkers will no longer rely on cars. City streets will become safe and easier to navigate, the right of way will be returned to pedestrians, and public transport and slow-moving systems will be vigorously developed;
New Yorkers will have safe, affordable housing. Communities are more diverse and vibrant, with cleaner air and water quality and ample public space;
New York's economy provides security and opportunity for all citizens. Every New Yorker can find a job that pays fairly, benefits well, and has room to rise;
Medical protection is available to every citizen;
Every child in New York has equal access to quality education;
New York's infrastructure will be more modern and reliable.