(Yicai Global) Aug. 23 -- Shanghai, China's most populous city, will be transformed into a global economic, financial, trade, shipping and technological innovation hub by 2040. By this year, the permanent resident population in Shanghai will be controlled at around 25 million, according to the latest city planning data from the Shanghai municipal government.
Government documents show that the total number of permanent residents in Shanghai was 24.15 million, at the end of 2015, down 0.4 percent from 2014, marking the first negative population growth in the city since 2000.
The ultimate goal is to turn Shanghai into a cultural metropolis by working with neighboring cities such as Suzhou, Wuxi, Nantong, Ningbo, Jiaxing and Zhoushan to build a wider metropolitan area, in an effort to boost synergistic development in the region.
There will also be railway links, so that any journey from Shanghai to these cities will take less than 90 minutes. A third airport and major railway station will also be built. Once completed, Shanghai East Railway Station, and the existing Pudong Airport will become the second transportation hub in the city, after Hongqiao.