Lujiazui
Lujiazui (simplified Chinese: 陆家嘴; traditional Chinese: 陸家嘴; pinyin: Lùjiāzuǐ, lit. meaning "Lu's mouth"), formerly known as Lokatse from its pronunciation in Shanghainese, is a locality in Shanghai, a peninsula formed by a bend in the Huangpu River. Since the early 1990s, Lujiazui has been developed specifically as a new financial district of Shanghai. The decision to earmark Lujiazui for this purpose reflects its location: it is located on the east side of the Huangpu River in Pudong, and sits directly across the river from the original financial and business district of the Bund.
Lujiazui is a national-level development zone designated by the government. In 2005, the State Council reaffirmed the positioning of the 31.78 km2 (12.27 sq mi) Lujiazui area as the only finance and trade zone among the 185 state-level development zones in mainland China.
Lujiazui is located in the Pudong New District on the eastern bank of Huangpu River. It forms a peninsula on a bend of the Huangpu River, which turns from flowing north to flowing east. The importance of Lujiazui stems from the fact that it lies directly across the river from the Bund, the old financial and business district of Shanghai, and just south of the confluence of the Suzhou Creek with the Huangpu River. Until the 1980s, Lujiazui was a relatively low-built area, featuring residential houses, warehouses, and factories. Following the allocation of Lujiazui as a special investment zone in 1992, the development of Lujiazui's skyline begun. This was largely driven by Chinese state owned enterprises investing and developing the property within the area, with the inaugural landmark, the Oriental Pearl Tower, being completed in 1994.
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