The latest statistics from the Shanghai Municipal Commission of Commerce show that at least 180 of the world’s 340 cross-border enterprises have established businesses in Shanghai, leaving Shanghai trailing only London and Dubai in this regard. Shanghai has become one of the most commercialized cities in the world.

  Presently, the number of retail supermarkets and chain stores expanding into the streets of Shanghai is approaching 7,200. Based on Shanghai’s permanent resident population of 24,000,000, one such retailer is available for every 3,400 residents, which represents a leading position in the national development of the retail chain industry. In addition, Shanghai has 15 municipal-level commercial centers, over 30 district-level commercial centers, 67 characteristic commercial blocks, over 960 standard grocery stores and over 1,000 community grocery micro-markets.

  Excerpted from International Service Trade