tion, the development of Pudong made it China's largest economic zone.Shanghai, without a doubt, is the engine that drives China's economic modernization. At the same time, Shanghai does not have the proper legal infrastructure, and freedom of the press to be the financial center of Asia. During my China traveling seminar in Shanghai, a Shanghaiese lawyer emphasized "in order to be successful in China, all you need is a network of connection." This is also known as guanxi and it plays a crucial role in China. The fact is, China is under a system of rule by law and not rule of law. The legal infrastructure does not give you the protection you need from corruption and white-collar crimes let alone ensure an environment of free competition and productive workforce. Shanghai not only lacks legal protection, but it also lacks freedom of the press. The CCP has been and will always be a dictatorship over the media. One of the reasons is because China has always been very protective of its image. Any dishonorable and offensive news to the government, regardless of its importance, would not be allowed to publish. The central government also feels the necessity to control the media in order to prevent rebellions. Therefore, the people of Shanghai and China rarely know the truth behind current news. The importance of proper legal systems and freedom of the press are crucial to China's economic development. If the central government continues to neglect these factors, it will be detrimental to the future development of China.From the period 1949 to 1976, Hong Kong was China's gateway to the capitalist world. Today, Hong Kong has become even more important to Chinese economy and the international world. First of all, Hong Kong has vast resources such as managerial know-how, technology, financial and marketing skills. These important resources has been transferred to China as Hong Kong manufacturers move across the border to take advanta...
