Economy
Zhabei local authorities have developed business and commercial centres in the district. It has attracted various foreign companies to build offices, apartments and commercial retail outlets over there.
It is also where the Shanghai Multimedia Valley (SMV) is located to attract media and IT talent. Major companies located in Zhabei include Royal Philips Electronics and Shanghai Bell Alcatel Business Systems Co., LTD.
Read more about this topic: Zhabei District
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
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