Both Shanghai and Beijing are important core cities of China, namely, the largest city in China and the second largest city in China. But Shanghai's industrial system is far stronger than Beijing's. Shanghai's total industrial output value is 3.5 trillion, while Beijing's total industrial output value is only 2 trillion. Although Beijing's industrial strength is not weak, there is still a big gap with Shanghai.
An analysis of the reasons why Shanghai is more developed than Beijing
First, Shanghai is in aviation manufacturing and steel manufacturing. Port machinery. Shipbuilding, new energy vehicles, artificial intelligence, integrated circuits and biomedicine are all ahead of Beijing. Industrial strength is still an important embodiment of a city's comprehensive strength. The stronger the industrial strength, the stronger the economic strength and comprehensive strength.
Second, Shanghai has a world-leading financial system. Last year alone, Shanghai's financial transactions exceeded 2,270 trillion yuan, and Shanghai is far stronger than Beijing in the financial field. Shanghai has been recognized as the third largest financial center in the world. Shanghai's financial strength is not only ahead of Beijing, but also the financial center of Asia and Hong Kong.
Third, although the number of 2 1 1 universities in Beijing is stronger than that in Beijing, Shanghai is not weaker than Beijing among the top universities. In last year's QS China University Ranking, three universities in Shanghai entered the top ten in China, and the number of the top ten universities in China surpassed that in Beijing. It can be said that the educational strength of Shanghai is comparable to that of Beijing.
Fourth, Shanghai is more international, and international capital is more willing to invest in Shanghai. More than 440 Fortune 500 companies have invested in Shanghai, and Shanghai has attracted more than $270 billion in foreign investment. The scale of attracting foreign investment is an important embodiment of the degree of internationalization and international competitiveness of a region.
Fifth, Shanghai's international trade ranks first in the world for a long time. In such a severe economic environment in 2020, Shanghai's foreign trade still achieved contrarian growth, with a total foreign trade of 3.48 trillion, accounting for 10% of the national foreign trade.