NEW SHANGHAI THE ROCKY REBIRTH OF CHINA'S LEGENDARY CITY YATSKO P. Księgarnia

New Shanghai

Anyone visiting Shanghai a decade ago inevitably felt a stab of regret. Instead of the city hailed before China's 1949 revolution as the Paris of the East and the Whore of the Orient, they found a depressed industrial town forgotten by the world.

Not any more. Few visitors leave China's largest city these days without expressing wonder at its renaissance. Pegged by China's leaders in the 1990s an international business hub, Shanghai in less than a decade erected a glittering new skyline and miles of elevated highways. College graduates find high-paying jobs in finance; young people pack neon-flashing discos; and foreign investors once again seek their fortunes. Old Shanghai may have died half a century ago, but now a new Shanghai is rising from its ashes.

Is China's once legendary city re-emerging as the New York of Asia? The Whore of the Orient? The stomping ground of China's artistic elite? A hotbed of high-tech innovation and entrepreneurshipPThe headquarters for multinationals in Asia? A tinderbox of political unrest as state-owned companies lay off workers by the hundreds of thousands?

In this penetrating and timely account, journalist Pamela Yatsko addresses these questions and many others to tell the story of Shanghai's rebirth. New Shanghai's lively narrative captures key aspects of the city's comeback:The wild building spree-turned-glut of the 1990s, Shanghai's drive to reestablish itself as a financial juggernaut; its cultural reawakening; the growing divide between "haves" and "have-nots"; the return of fortune-hunting foreign business; efforts to reform state enterprises; and the revival of notorious Old Shanghai vices: nightlife, drugs, and prostitution.Yatsko takes us into the world of shady Chinese stock speculators, prosperous white-collar professionals,distraught laid-off workers, determined foreign businessmen, and alluring bar girls.

New Shanghai gives texture to the tumult that has rocked urban China in the 1990s. By painting a vivid yet realistic picture of Shanghai today, it helps readers understand the Shanghai and China of tomorrow.

Pamela Yatsko's book is a timely and welcome contribution to our understanding of the modern Chinese city as it enters the 21st century. The author of Sons of'the Yellow Emperor and Tracing It Home

298 pages

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