"At the mouth of Yangtze River and midway along the Chinese eastern coast lies Shanghai, an important and historical trading center. But in a country where cities have 1000-year histories, Shanghai is relatively young, officially earning city status in 1927. Today, with a population of more than 24 million and a total GDP exceeding 2160 billion Yuan (US$350 billion), Shanghai serves as the economic, financial, trade and shipping center of China."
Shanghai is now focusing on innovation collaboration and research.
"There is a great biomedical R&D ecosystem in Shanghai" and plenty of funding for the development of research and development projects. A number of Chinese established universities are located in Shanghai, and research opportunities abound, not only for locals but for foreigners as well. Being voted the most popular city for expats in China, does make it more appealing as well.
"In 2013, 73.7 billion yuan (12 billion US dollars) were spent on research & development in Shanghai, 3.4% of the entire GDP"