Shanghai Trade – The World’s Largest Emerging Market

shanghai trade

Rich with history, Shanghai trade first opened its door to foreigners in the 1840′s. The resulting international community contributed to Shanghai’s unique character, architecture, fashion and food. Today Shanghai is China’s most cosmopolitan city and is regarded as the economic powerhouse of mainland China. Shanghai will be hosting the World Trade Expo in 2010, which will showcase famous landmarks such as the Pearl Tower, the world’s tallest hotel and the world’s longest arch bridge.

The World Expo Shanghai China 2010 will be a major world exposition and will be showcasing various Shanghai trade products such as coir products, jute, textiles, garments, household appliance, kitchen appliances, processed food, beverages, confectionery, drugs, pharmaceuticals, chemicals, cosmetics, bodycare & health care products, telecommunication, power sector, electronic sector, furniture, home furnishings, sports goods, toys, engineering goods etc.

Initially, most newcomers are struck by the city’s vastness, the pace of development, the population density and the chaos and energy of the city. There is a feeling that Shanghai is a city on the move, developing at a fast pace. Skyscrapers stand in stark contrast next to old communist dwellings, giving the city a sense of time and change.

The “bright lights, big city” image of Shanghai tends to give a much better surface impression than the reality of daily life. However, Shanghai is constantly changing and improving its modern facilities. Natives to the city speak Shanghainese, the local dialect. English competency is probably the best in mainland China. The employees in most hotels speak English very well. Learning a few key Mandarin phrases definitely helps.

If accompanied by a spouse, a copy of the marriage certificate needs to be provided. If accompanied by children, a copy of each child’s birth certificate needs to be provided. Spouses are not allowed to work with a visitor’s visa. However, if they find a job, they can apply for a work permit before starting the job. Cash is the most common form of payment used although larger supermarket chains and upscale stores will accept local ATM/debit cards. Hotels catering to foreigners will accept international credit cards. Restaurants and major shopping chains often accept credit cards as well, but it is still advisable to keep cash on hand at all times.

Shanghai is divided by the Huangpu River. The latter two are the most popular living areas for expats with children due to a good supply of housing compounds and community facilities. These areas are also closer to international schools with campuses in Puxi.

To the east of the river is Pudong. The suburban districts (Jinqiao, Kangqiao, Nanhui) in this area are newer than Hongqiao and due to the ever increasing presence of companies in this part of the city; many spacious housing compound and schools as well as community facilities are available. Inner city living (Luwan in Puxi and Lujiazui in Pudong) is usually a popular choice for most couples or singles allowing them close proximity to shops, restaurants and nightlife.

Almost all expats rent their homes. If budgets allow, it is better to rent from a developer. Private landlords can be unreliable by comparison. Before signing the lease agreement, do ensure that all agreed-to additional requirements (including accurate furniture list) have been accounted for. Shanghai is regarded as a safe city. The most common form of crime in Shanghai is pickpocketing in crowded places.

Expats tend to send their children to one of the many international schools in Shanghai. Compared to other countries, the international schools in Shanghai are relatively young. Driving your own vehicle is not necessary. In fact, driving in Shanghai is rather difficult and dangerous – as the roads are packed with aggressive drivers. If you already have a driver’s license from your home country, you can obtain a Chinese driver’s license by taking a series of tests (which do not actually involve driving).

Taxis, therefore, are the overall favorite for expats. Local residents tend to react to another’s anger equally or more strongly. Chris Draeger, Group Vice President, Crown Relocations

Crown Relocations has been providing international moving and relocation services since 1965. Crown provides a range of services to help Expats and their families move and settle into their new home ranging from Orientation Tours, Home finding, School Search and more. Crown also organizes Expat Clubs with regular events to help people meet and socialize with other Expats.

Services include expense management, program development, policy counseling, customized online reporting and full departure and destination services for the employees.

Crown is a private organization headquartered in Hong Kong, with European HQ in London and Americas HQ in Los Angeles California.