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It is the home of the Shanghai Stock Exchange, the largest stock exchanges in the Asia-Pacific by market capitalization and the Shanghai Free-Trade Zone, the first free-trade zone in mainland China. Shanghai has been classified as an Alpha+ (global first-tier) city by the Globalization and World Cities Research Network.
The territory of the People's Republic of China is covered in the IANA time zone database by the following zones. "Asia/Shanghai" is used instead of "Asia/Beijing" because Shanghai is the most populous city in the zone. [24] Columns marked with * are from the file zone.tab of the database.
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The Dàjìng Gé Pavilion (上海古城墙和大境阁) is a museum and ancient temple of Shanghai, incorporating the last remaining portions of the walls of the Old City of Shanghai. Most of the walls were dismantled in 1912, and today only this portion remains.
Shanghai's first building boom occurred in the 1920s and 1930s, during the city's heyday as a multinational center of business and finance. [5] The city's international concessions permitted foreign investment, and with it came architectural styles from the West, as seen today in areas such as the French Concession and the Bund. [6]
The success of Lujiazui in the past 20 years has fueled tourism and business related travel to Shanghai. Pictures of the Lujiazui skyline dominate Shanghai tourism materials, and there are 5 five-star hotels in the area, providing approximately 2,443 rooms, and three more five-star hotels are expected in the area in the coming years, adding more than 1,200 luxury units.
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The current photograph was created after he took three pictures in the monumental atrium of the Grand Hyatt Hotel in Shanghai, China. He afterwards used digital manipulation of the images taken of the hotel first three floors to give the background the same resolution as the foreground.