Shanghai has a total area of 6,340.5 sq kilometres, consisting of 18 districts and one county. Total resident population stood at 24.15 million by the end of 2015. Shanghai is one of the 4 autonomous municipalities and historically a commercial and financial center of China.
Located at the heart of the Yangtze River Delta, Shanghai is not only the leading container port in China, but also the busiest container port in the world in 2015 which handled 36.54 million TEUs in 2015, up 3.5% from 2014.
The China (Shanghai) Pilot Free Trade Zone (SHFTZ) was approved by the State Council on 17 August 2013 as the first pilot free trade zone in China. It covers the four special customs supervision areas of the Waigaoqiao Bonded Area, Waigaoqiao Bonded Logistics Park, Yangshan Bonded Port Area and Pudong Airport Comprehensive Bonded Area. On 28 December 2014, the National People’s Congress authorised the State Council to expand the SHFTZ by incorporating the Lujiazui Financial Area, Jinqiao Development Zone and Zhangjiang High-Tech Park. The expanded FTZ has a total area of 120.72 sq kilometres.
In 2015, 67.8% of Shanghai’s GDP was attributed to services industries. The top 3 largest industries were financial services, retail and wholesale and real estates. Shanghai will focus on the development of financial services, logistics and cultural industries.
Shanghai plays a key role in China’s heavy industries. Baosteel Group, China’s largest steelmaker, and Fosun Group, one of China’s largest private steelmakers, are both located in Shanghai. Auto manufacture is another important industry. Shanghai’s output of motor vehicles reached 2.43 million in 2015, accounting for 10% of the national total. Shanghai is also a leading producer of ethylene, plastics, microcomputers, ICs and mobile phones.
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Why Outsource Payroll
Yingke has continuously geared our principles to prioritizing our client’s needs and valuing the commitment of excellence to the Human Resource.
Even with just a couple or hundreds of employees, we do their taxes, deal with all the paperwork, or create a customized solution for your case.
Our HR experts can ensure your company achieves improved accuracy, efficiency and reliability when making overseas payroll.
Personal File Management
You company retains essential management control over the work performed by the employees. Meanwhile, we do all the rest. We keep all files and documents secured by having physical and virtual copies of everything.
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