Top Chinese City by GDP

The GDP of Shanghai hit 5.39 trillion yuan ($740.7 billion) in 2024.

First Nationwide in Per Capita Disposable Income 

In 2024, the per capita disposable income of residents increased by 4.2 percent to 88,366 yuan. 

World's No 1 Container Port

In 2024, the container throughput of Shanghai Port exceeded 51.5 million twenty-foot equivalent units (TEUs), ranking first in the world for the 15th consecutive year.

Holding Top Position in National Foreign Trade Volume

Shanghai's foreign trade volume totaled 4.27 trillion yuan in 2024, marking a 1.3 percent year-on-year increase. 

No 5 on the Global Innovation Index (GII) 2024 Top 100 Science and Technology Clusters

Co-published by the World Intellectual Property Organization (WIPO), Cornell University and global business school INSEAD, the report provides an annual ranking of the innovation capabilities and performance of economies around the world.

Robust Investment in R&D

In 2024, Shanghai directed about 4.4 percent of its GDP toward research and development endeavors.

Home to Most MNC Regional Headquarters and Foreign-funded R&D Centers in the Chinese Mainland

In 2024, the number of regional headquarters of multinational corporations (MNCs) in Shanghai increased by 60, reaching a total of 1,016. The number of foreign-funded R&D centers grew by 30 to a total of 591.

Largest Pool of Foreign Talent

As of March 2024, Shanghai had issued an accumulative total of 441,000 Foreigner's Work Permits. Additionally, Shanghai led the country with over 310,000 talent who had returned to work or start businesses in Shanghai after completing their studies abroad.

China's Top City in Cross-border RMB Settlement

In 2024, Shanghai led in national cross-border renminbi (RMB) settlement, accounting for 47 percent of the total, reaching 29.8 trillion yuan.

No 8 in the 37th Edition of the Global Financial Centres Index (GFCI)

The 37th edition of the Global Financial Centres Index (GFCI 37), jointly published by Z/Yen and the China Development Institute, provides evaluations of future competitiveness and rankings for 119 financial centers around the world.

The GFCI serves as a valuable reference for policy and investment decision makers.

No 7 in the 2024 Global Asset Management Center Index Report 

Sources: Shanghai Municipal Bureau of Statistics, Shanghai Municipal Commission of Commerce, China Youth Daily, World Intellectual Property Organization, China Development Institute, CEIBS Lujiazui International Institute of Finance