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The picture shows a night scene along the waterfront of Shanghai. Next to it is the Chinese calligraphy of "Shang Hai". That said, let's see what more I can tell you about my hometown.
Shanghai in China has a perfect analogy - New York city in the States. It's the biggest city in the country, a commercial / business / financial / ... center - just about anything except politics, a function that is mostly assumed by the capital of the country, which is Beijing in China. Geographically, Shanghai is located along the coast, the east coast (we don't have a west coast in China anyways), like NYC; you'll find Huangpu River in Shanghai, and Hudson in the Big Apple. If we go yet deeper on a micro level, the district to which the Bund (waterfront) belongs to, the Huangpu District (named after the river) is quite parallel to Manhattan. When the government delegation of Manhattan were visiting the district several years ago, some of the officials did indeed mention their feeling at home around the area. Especially when you take into account that the buildings in the Bund area are mostly built by westerners in early twentieth-century, the resemblance between Huangpu and Manhattan would not be surprising at all.
I will just stop here. You can find quite a few wonderful sites out there that are professionally built to tell you all about Shanghai. If you have the time and the interest, check out my links page.
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