Shanghai Development Takes Off, Transforming the Residential and Commercial Landscape
Real Estate Issues › Vol. 31 Nbr. 2, October 2006
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Summary
Visitors have difficulty finding the words to describe the scale of development in Shanghai. Its enormous size and rapid change-and its leaders' ability to make decisions and execute-is amazing. This growth, of course, is not painless. Urban sprawl, corruption and an extremely complicated government system are among the challenges that officials and business leaders face on a daily basis.
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Shanghai Development Takes Off, Transforming the Residential and Commercial Landscape
MY FRIEND CHARLES RAGEN QUOTED ME THE OLD SAW: "Travel to China for a week, and you'll be able to write a book. Travel to China for a month, and you'll be able to write an article. Travel to China for a year, and you won't be able to write anything at all."
I cannot adequately describe the scale of what I saw in Shanghai. Its enormous size and rapid change-and its leaders' ability to make decisions and execute-is amazing. This city is undergoing a massive program of demolition, depopulation, resettlement and redevelopment-a carefully designed strategy to make it a first-class business hub...See the full content of this document
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