“Pudong is the capital of Chinese exceptionalism. On almost every corner you can see the work of economic tools that Western politicians might dream of these days, tools that have allowed China to snatch success from error over and over in the past 30 plus years of reform.”
– Joshua Cooper Ramo, vice chairman at Kissinger Associates Inc.
Taken from an article in the Wall Street Journal examining past and present opinions about Pudong. Ramo wrote an essay entitled “The Shanghai Bubble” in 1998, calling Pudong a type of “what-is-wrong-with-this-picture economics.” In the last 20 years, Pudong built 120 million square meters of floor space and more than 70 skyscrapers.