Beijing and Shanghai comprise the axes of China's two leading urban regions. Their economic fortunes will affect the overall growth of China. The economic composition of the two megacities differs significantly and the future sources of competitive advantage also lie in different areas although there is some overlap. Shanghai with its diverse industrial base is the industrial powerhouse of China. Its strongest growth prospects still lie in activities associated with manufacturing industry buttressed by improvements in the technological and innovation capabilities of domestic firms and supported by the deepening of business services. In contrast, Beijing’s future prospects are more closely tied to research intensive activities and the services industry. This book explores the contrasting development options available to Beijing and Shanghai and proposes strategies for these cities based on their current and acquired capabilities, experience of other world cities, the emerging demand in the national market, and likely trends in global trade.
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Lan Xue, Professor and Dean, School of Public Policy and Management, Tsinghua University
This is a fascinating book about the future development paths of the twin capitals of China: the political capital of Beijing and the commercial capital of Shanghai. The authors weave economic growth, urban development, and technological innovation into a seamlessly coherent and cogent analysis. The book not only offers important insights and lessons for the development of other megacities in China, but also has long-term implications for many developing countries undergoing similar transitions. --LAN XUE, Professor and Dean, School of Public Policy and Management, Tsinghua University
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