A saying goes that a bed in Puxi was better than a bedroom in Pudong. Two decades ago, Shanghai was divided into totally two worlds by Huangpu River: Puxi (West Shanghai) and Pudong (East Shanghai). Puxi represented the prosperous urban city, while Pudong was still a rural area with farmlands can be found everywhere.
This year is the 25th anniversary of Pudong development and opening up. The world’s highest buildings and China's most expensive apartments are emerging in Pudong area, and Lujiazui in Pudong has also become a financial district comparable to Wall Street of the United States after two decades’ development.
Today, more than five hundred Chinese and foreign financial institutions gathered here in Pudong, and many foreign banks and coorporations once glorious in the historic bund have returned to Shanghai. A new world financial center is rising on the east coast of Huangpu River, attract investors from all over the world.
Here are a series of old photos showing huge development of Shanghai and Pudong New Area especially. (Eastday/ Jiang Wenran)
