Shanghai by the numbers: China’s Covid lockdowns

China’s newest wave of Covid restrictions has pressured hundreds of thousands of individuals — roughly thrice as many as reside in New York Metropolis — to remain dwelling and endure mass virus testing within the metropolis of Shanghai.

As Covid circumstances started to spike in late February, Shanghai tried to regulate the outbreak with focused, neighborhood lockdowns. However the metropolis, a middle for world transport, manufacturing, finance and commerce, determined in late March to implement a two-stage lockdown that quickly utilized to all districts, typically forcing folks to not go away their flats.

Most individuals exterior China know that Shanghai is large, however few understand simply how large economically. The next numbers point out the size of Shanghai as an financial heart — and should trace at the price of the lockdown.

Shanghai sits on the mouth of the Yangtze River, one of many two primary rivers in China.

In response to Bernstein:

• Shanghai is dwelling to the world’s busiest port, adopted by Singapore.
• Shanghai’s Pudong airport is the world’s third-busiest cargo airport, behind Memphis, Tennessee, and Hong Kong.

In all, Shanghai accounted for 7.3% of China’s exports and 14.4% of imports in 2021, in keeping with Citi.

In response to Citi, Shanghai is China’s:

• Most essential semiconductor manufacturing heart, dwelling to SMIC, Hua Hong and Common Scientific Industrial.
• House to many automobile producers: SAIC Motor, SAIC’s joint firms with Volkswagen and GM, Nio, Tesla and Ford.
• Headquarters or a serious heart for multinational firms’ China operations: Apple, L’Oreal, Samsung Electronics, P&G, L’Oreal, LVMH, Nike, Panasonic, Philips, Johnson & Johnson and Common Electrical, amongst others.
• Base for ship producers: Jiangnan , Zhonghua and Waigaoqiao shipbuilding.

In Shanghai, official figures for 2021 present:

• Common disposable earnings of 78,027 yuan ($12,288) — greater than double the nationwide common of 35,128 yuan ($5,531).
• Common client spending of 48,879 yuan — additionally double the nationwide common of 24,100 yuan.

U.S. wholesale chain Costco selected Shanghai for its first mainland China retailer in 2019.

And as of final yr, Shanghai was dwelling to essentially the most espresso retailers within the nation, with almost 3 retailers per 10,000 folks, versus a ratio of about 2 for Guangzhou, Shenzhen and Beijing, in keeping with Meituan.

Shanghai is dwelling to a few of the highest 20 universities in China, in keeping with U.S. Information and World Report.

The variety of foreigners residing in Shanghai fell to 163,954 folks in 2020, down by 21% versus a decade earlier, in keeping with official censuses. The southern province of Guangdong is now dwelling to essentially the most foreigners in China, at greater than 400,000.

The general variety of foreigners within the nation rose throughout these 10 years by about 40% to 1.4 million folks — or about 0.1% of China’s inhabitants.