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Shanghai is a metropolis in eastern China and a direct-controlled municipality of the People's Republic of China. Located at the middle part of the coast of mainland China, it sits at the mouth of the Yangtze.
Originally a fishing and textiles town, Shanghai grew to importance in the 19th century due to its favorable port location and as one of the cities opened to foreign trade by the 1842 Treaty of Nanking. The city flourished as a center of commerce between east and west, and became a multinational hub of finance and business by the 1930s. After 1990, the economic reforms introduced by Deng Xiaoping resulted in intense re-development and financing in Shanghai, and in 2005 Shanghai became the world's largest cargo port.
The city is a tourist destination renowned for its historical landmarks such as the Bund and City God Temple, and its modern and ever-expanding Pudong skyline including the Oriental Pearl Tower. Today, Shanghai is the largest center of commerce and finance in mainland China, and has been described as the "showpiece" of the world's fastest-growing major economy.
The Bund is an area of Huangpu District in central Shanghai. The area centers on a section of Zhongshan Road (East-1 Zhongshan Road) within the former Shanghai International Settlement, which runs along the western bank of the Huangpu River, facing Pudong, in the eastern part of Huangpu District. The Bund usually refers to the buildings and wharves on this section of the road, as well as some adjacent areas. The Bund is one of the most famous tourist destinations in Shanghai. Building heights are restricted in this area.
Pudong, officially known as Pudong New Area, is a district of Shanghai, China that enjoys sub-provincial administrative status. It is named "Pudong" because of its location on the east side of the Huangpu river, on the opposite of Puxi, the west side. After its merger with Nanhui District (now defunct) in May 2009, the Pudong New Area comprises the majority of land in eastern Shanghai.
Since the beginning of its development in 1990 when plans were first announced, Pudong has become a New Open Economic Development Zone, and has emerged as China's financial and commercial hub. Pudong is home to the Lujiazui Finance and Trade Zone, the Shanghai Stock Exchange, and a skyline that includes the symbolic Oriental Pearl Tower, the Jin Mao Building, the Shanghai World Financial Center and the under-construction Shanghai Tower, reflective of Shanghai and China's rapid economic development.