Wendy Zhang/ Shanghai Daily news

Shanghai will become a meeting place for famous brands from both home and abroad by 2010, with Huangpu, Luwan and Jing'an Districts expected to become three central business zones for global top-name brands, today's Laodong Daily reported.
According to the city's plan, by 2010, Shanghai will be home to 50 global top-ranking flagship specialty stores and 100 global first-line brands.
Huangpu, Luwan and Jing'an Districts, with such advantages as solid commercial foundations, excellent historic and cultural heritages and geographic superiority, are vying for global top-name brands.
The Huangpu District government has initiated the Bund project, with a Giorgio Armani flagship store opening in the No.3 building of the Bund, and Ermenegildo Zegna and Cartier flagship stores in the No.18 building of the Bund.
As well as the local leisure hub Xintiandi, the Sinan Road area is expected to be transformed into a gathering place of global name brands, according to the Luwan District government.
The Jing'an District government has started the construction of another high-end business circle, in addition to its original golden-triangle circle on Nanjing Road W.