Shanghai vs Valdivia

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Shanghai (Chinese: 上海, Shanghainese pronunciation: [zɑ̃̀.hɛ́] (listen), Standard Mandarin pronunciation: [ʂâŋ.xài] (listen)) is one of the four direct-administered municipalities of the People's Republic of China. It is under the direct administration of the State Council of China. The city is located on the southern estuary of the Yangtze, with the Huangpu River flowing through it. With a population of 24.28 million as of 2019, it is the most populous urban area in China and the second most populous city proper in the world. Shanghai is a global center for finance, technology, manufacturing, and transportation, and the Port of Shanghai is the world's busiest container port. Originally a fishing village and market town, Shanghai grew in importance in the 19th century due to trade and its favorable port location. The city was one of five treaty ports forced open to foreign trade after the First Opium War. The Shanghai International Settlement and the French Concession were subsequently established. The city then flourished, becoming a primary commercial and financial hub of the Asia-Pacific region in the 1930s. During the Second Sino-Japanese War, the city was the site of the major Battle of Shanghai. After the war, with the CPC takeover of mainland China in 1949, trade was limited to other socialist countries and the city's global influence declined. In the 1990s, economic reforms introduced by Deng Xiaoping resulted in an intense redevelopment of the city, especially the Pudong New Area, aiding the return of finance and foreign investment.

The city has since re-emerged as a hub for international trade and finance; it is the home of the Shanghai Stock Exchange, one of the largest stock exchanges in the world by market capitalization and the Shanghai Free-Trade Zone, the first free-trade zone in China. Shanghai is classified as an Alpha+(global first tier) city, making it one of the world's Top 10 major cities together with Hong Kong and Beijing in China by the Globalization and World Cities Research Network. Shanghai is a global financial center, ranking first in Asia and third globally (after New York and London) in the Global Financial Centres Index.Shanghai is an international center of research and development and is ranked 5th globally and 2nd in Asia (after Beijing which ranks 1st globally) by scientific research, as tracked by the Nature Index. The city is home to highly ranked institutions in Asia and the world such as Fudan University, Shanghai Jiao Tong University, Tongji University, and East China Normal University. Shanghai has been described as the "showpiece" of the booming economy of China. Featuring several architecture styles such as Art Deco and shikumen, the city is renowned for its Lujiazui skyline, museums and historic buildings—including the City God Temple, Yu Garden, the China Pavilion and buildings along the Bund. Shanghai is also known for its sugary cuisine, distinctive dialect and vibrant international flair. Every year, the city hosts numerous national and international events, including Shanghai Fashion Week, the Chinese Grand Prix and ChinaJoy.

Source: Wikipedia

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Valdivia (Spanish pronunciation: [balˈdiβja]; Mapuche: Ainil) is a city and commune in southern Chile, administered by the Municipality of Valdivia. The city is named after its founder Pedro de Valdivia and is located at the confluence of the Calle-Calle, Valdivia, and Cau-Cau Rivers, approximately 15 km (9 mi) east of the coastal towns of Corral and Niebla. Since October 2007, Valdivia has been the capital of Los Ríos Region and is also the capital of Valdivia Province. The national census of 2002 recorded the commune of Valdivia as having 140,559 inhabitants (Valdivianos), of whom 127,750 were living in the city. The main economic activities of Valdivia include tourism, wood pulp manufacturing, forestry, metallurgy, and beer production. The city is also the home of the Austral University of Chile, founded in 1954 and the Centro de Estudios Científicos.

The city of Valdivia and the Chiloé Archipelago were once the two southernmost outliers of the Spanish Empire. From 1645 to 1740 the city depended directly on the Viceroyalty of Peru, which financed the building of the Valdivian fort system that turned Valdivia into one of the most fortified cities of the New World. In the second half of the 19th century, Valdivia was the port of entry for German immigrants who settled in the city and surrounding areas. In 1960 Valdivia was severely damaged by the Great Chilean earthquake, the most powerful earthquake ever recorded at magnitude 9.5. Debris and destroyed buildings from the earthquake can still be found in the suburban areas. In addition, land subsidence and sediments have resulted in complex navigation challenges on the local rivers and in some areas, ruins of buildings are visible from the water.

Source: Wikipedia