APEC 2001
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APEC 2001
APEC China 2001 was a series of economic and political meetings between the 21 member states of the Asia-Pacific Economic Cooperation forum held in the People's Republic of China during 2001. Various meetings were held across the country, with leaders from all the member countries meeting 20–21 October 2001 in Shanghai. Background Many of the member states were still dealing with the fallout of the 1997 Asian financial crisis, whose effects on the price of oil led to the 1998 Russian financial crisis. Discontent with globalization had erupted into major protests in Seattle, Prague, and Genoa. Even China, the only economy to experience rapid growth in the region through the period thanks to various protections against capital flight, saw weaker-than-projected growth and made efforts to improve non-performing loans in its banking system and its dependency on trade with the United States. The leaders' meeting for APEC China 2001 was held shortly after the September 11th Atta ...
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Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the second most populous city proper in the world (after Chongqing) and the only city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks second among the administrative divisions of Mainland China in human development index (after Beijing). As of 2018, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 9.1 trillion RMB ($1.33 trillion), exceeding that of Mexico with GDP of $1.22 trillion, the 15th largest in the world. Shanghai is one of the world's major centers for ...
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