() of Shanghai
has a land area of 29.26 km² and a resident population of 810,211 as of 2003. It is one of the downtown districts of Shanghai though the commercial potential has been continuously undervalued. Facilitated with Shanghai Railway Station (North), which used to be the only railway terminal of Shanghai (until the completion of Shanghai South Railway Station in 2006), Zhabei District is famous for its connectivity, which becomes the reason hi-tech and creative industries begin to accumulate in the district.
Historically, the district has been highly populated with working class residents. However, due to the shift in the structure of industries and increasing number of immigrants from outside Shanghai, partly due to its reasonable real estate price (compared to its counterparts such as Putuo
), the district has becoming increasingly appealing to local inhabitants.
Zhabei local authorities has developed business and commercial centres in the district. It has attracted various foreign companies to build offices, apartments and commercial retail outlets over there.
It is also where the Shanghai Multimedia Valley
) is located to attract media and IT talent. Major companies located in Zhabei such as Royal Philips Electronics and Shanghai Bell Alcatel Business Systems Co., LTD.
Zhabei District used to be the place of agglomeration of traditional industries such as flavor... Read More