Word: shanghaied
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...HSBC recently conducted a survey on saving and spending patterns among the middle class in six Asian cities: Hong Kong, Kuala Lumpur, Shanghai, Seoul, Taipei and Tokyo. Surprisingly, it was Shanghai's middle class that stood out as having the highest propensity to spend. Nearly three out of four Shanghainese who answered the survey said they agreed with the statement that "people nowadays will choose a balanced spending and saving mode rather than sacrificing to save." Of this group, 47% said they saved only what was left at the end of the month; almost one out of three said they...
...some estimates, there are already as many as 100 million members of China's middle class, defined as people with monthly incomes of over $650. Their ranks are projected to triple in a decade, with middle-class lifestyles spreading beyond the big coastal cities such as Shanghai, Beijing and Guangzhou to smaller ones such as Xiamen and Wuxi. Across China, spending is already surging, with retail sales rising by 13.7% last year and 12.9% in 2005. Spending patterns are changing, too. Consumer demand is expanding to service industries as Chinese splash out on travel, sports and entertainment. According to HSBC...
Recording his city's rich architectural heritage has been a demoralizing task for Shanghainese photographer Deke Erh. While Art Deco buildings in Miami, New Zealand's Napier and even the Eritrean town of Asmara are lovingly tended, Shanghai has demolished scores of equally historic structures in its headlong rush for modernity. "I've been taking photographs of old Shanghai for 20 years, and I've continually seen these things torn down," says Erh. "But I still have hope. Even today, Shanghai has more Art Deco buildings than any other city in the world. If I didn't have hope...
...publication of Erh's self-funded new book Shanghai Art Deco is testament to the 47-year-old photographer's determination in the face of the city's merciless wrecking ball. In 320 pages and over 1,000 photographs, Erh and other photographers capture many of the city's surviving historic residences, hotels, cinemas and municipal buildings-creating a sweeping survey of the architectural and cultural treasures that could be threatened by relentless development. "When these buildings went up in the 1920s and '30s, a great deal of money and thought went into creating a beautiful city," says Erh. "Since...
...they once were. Emphasizing clean, uncluttered shapes and simplified lines to express the dynamism of the mechanical age, Art Deco first gained recognition in 1925 at the International Exhibition of Modern Decorative and Industrial Arts in Paris. Within a few years, its influence had spread to Shanghai, at a time when the "Paris of the East" was largely under the control of Western powers. With close to 4 million inhabitants, 1930s Shanghai was the fifth-largest city in the world and the most cosmopolitan place in China. To reflect the era's gin-and-jazz culture, Shanghai's architects turned...