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Shanghai Exploding With Development, Wealth

October 21, 2007

George H. Lesser
The Washington Times
October 21, 2007

SHANGHAI

Winston Churchill said that in his father’s time — the second half of the 19th century — “The world was for the few… and for the very few.” And he wasn’t talking about “the world” — or even about the West. He was talking about England, then just about the richest country on Earth.

Since World War II, we have seen economic “miracles” transform Europe, Japan, other Asian nations, and a rising tide of expectations everywhere. The few have multiplied.

But nothing prepares you for what’s happening right now in Shanghai. Perhaps never in human history has so much been built in such a short time. Perhaps never in human history have so many people gotten so rich in such a hurry.

Shànghǎi Shì
上海市

A view of Lujiazui, a financial district in Pudong.

A view of Lujiazui, a financial district in Pudong.

Read the rest:
http://washingtontimes.com/apps/pbcs.dll/article?AID=/20071021/COMMENTARY/110210018

Related:
Shanghai: Not Lost in Translation