Shanghai by the numbers: China’s Covid lockdowns

China’s newest wave of Covid restrictions has compelled thousands and thousands of individuals — roughly 3 times as many as dwell in New York Metropolis — to remain dwelling and bear mass virus testing within the metropolis of Shanghai.

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

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

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

In line with 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, based on Citi.

In line with Citi, Shanghai is China’s:

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

In Shanghai, official figures for 2021 present:

• Common disposable revenue of 78,027 yuan ($12,288) — greater than double the nationwide common of 35,128 yuan ($5,531).
• Common shopper 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 probably the most espresso outlets within the nation, with almost 3 outlets per 10,000 individuals, versus a ratio of about 2 for Guangzhou, Shenzhen and Beijing, based on Meituan.

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

The variety of foreigners dwelling in Shanghai fell to 163,954 individuals in 2020, down by 21% versus a decade earlier, based on official censuses. The southern province of Guangdong is now dwelling to probably 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 individuals — or about 0.1% of China’s inhabitants.