From the Inside Flap
Anyone visiting Shanghai a decade ago inevitably felt a stab of regret. Instead of the city hailed before China?s 1949 revolution as the Queen of the Pacific and the Paris of the East, they found the depressed industrial city forgotten by the world. Not any more. Few visitors leave China?s largest city these days without expressing wonder at its renaissance. Pegged by China?s leaders in the 1990s to reassert itself as an international business hub and drive growth along the mighty Yangtze River, Shanghai in breakneck time has erected elevated highways, glittering skyscrapers, and stately cultural venues. College graduates find jobs in finance and other capitalist fields; once drab bureaucrats support well-cut business suits; and young people pack neon-flashing discos. Foreign investors are again flocking to the city. Dead to the world for over 40 years, Shanghai has at last been reborn.
Weaving anecdotes with analysis, Pamela Yatsko?s lively narrative addresses key aspects of the city?s rebirth: The building spree of the 1990s and how it turned into a massive glut; Shanghai?s resurrection as a financial center; its drive to remain a manufacturing powerhouse; its cultural reawakening; the growing divide between rich and poor; the return of fortune-hunting foreign business; and the revival of notorious Old Shanghai vices: nightlife, drugs and prostitution. New Shanghai gives readers a sense of the tumult that has rocked urban China in the 1990s. By painting pictures of Shanghai today, it provides a better understanding of the Shanghai and China tomorrow.
From the Back Cover
"An eyes-wide-open look at modern Shanghai, its past roots, as well as present achievements, hang-ups and shortcomings. Balanced, detailed, and carefully researched by a perceptive and expert journalist. New Shanghaiis essential background for any foreigner who needs to understand the challenges and opportunities of life and work in a China grappling with rapid change."--Nicholas Platt, President, Asia Society
"Pamela Yatsko is the best guide I can imaging to the New China emerging in the global information age. Seeing Shanghai through her sharp eyes is better than a personal tour, because she digs behind the scenes to find the meaning of the changes sweeping China, as well as the unfinished work still ahead for the cities shaping China's future. New Shanghai is insightful, illuminating, comprehensive and entertaining. This is a "must read" for anyone interested in doing business in China and througout Asia." - Rosabeth Moss Kanter, Harvard Business Review, author of World Class