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After Mao Zedong ruled China since 1949, Shanghai entered a period of declining growth due to the high tax regime and the abolition of the new capitalist economy. Deer Hunting American Flag shirt. Thanks to the reform and opening of the market economy model initiated and led by Deng Xiaoping, especially since 1992, Shanghai has made spectacular breakthroughs in economic development and quickly surpassed across Shenzhen and Guangzhou – the earliest liberal city in the People’s Republic of China to become China’s economic leader. There are still many challenges for this city in the early 21st century such as mass migration and the rich-poor differentiation. However, despite those challenges, Shanghai’s skyscrapers and vibrant urban life still symbolize the miraculous growth of China’s economy. Shanghai people read the city name as /zɑ̃.’he/, the pinyin transliteration in Mandarin is Shhuang. Shanghai (Upper is above, Hai is the sea) is a name derived from the Song Dynasty (11th century) – now has an estuary and a town of the same name. The meaning of the name is a matter of “sea” or “going to sea” controversy. The Vietnamese are called Shanghai; The German is Schanghai, Dutch is Sjanghai, Portuguese is Xangai, French is Shanghaï. However, since the 1990s, pinyin Shanghai transcription has been widely used all over the world. Japanese wrote the city name close to the reading in Mandarin Chinese Thoại ャ ン ハ イ shanhai.

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