Economy
Currently, there are more than 30 buildings over 25 stories high with commerce as their leading function, and over 504 domestic and overseas financial and insurance corporations located in Lujiazui.
The success of Lujiazui in the past 20 years has fueled tourism and business related travel to Shanghai. Pictures of the Lujiazui skyline dominate Shanghai tourism materials, and there are 5 five-star hotels in the area, providing approximately 2,443 rooms, and three more five-star hotels are expected in the area in the coming years, adding more than 1,200 luxury units.
Read more about this topic: Dongfang Road
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.”
—Jane Jacobs (b. 1916)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)