Shanghai Could Overtake London As Financial Centre

M@
By M@ Last edited 98 months ago
Shanghai Could Overtake London As Financial Centre

shanghaiskyline.jpg
Ed Harcourt woz ere

In the competition to be the world's capital of finance, London could soon be pushed into third place. A survey by law firm Eversheds of 600 senior business executives concluded that Shanghai would probably overtake London in the next decade, with New York retaining its fiscal crown. The mega-city already trumps both its financial rivals in many respects, including population size, shipping capacity and (arguably) skyline. Yeah, but who'd win in an arm-wrestle? If anyone from Gothamist or Shanghaiist is reading, consider that a challenge.

Last Updated 15 December 2009