Shanghai's economy is more developed because it is an international metropolis with more international enterprises and multinational companies. Shanghai is also one of the economic centers of China, with many well-known enterprises and institutions, such as Shanghai Stock Exchange and Shanghai Pudong Development Bank. Shanghai research on education is a powerful city with many world-class universities and scientific research institutions, such as Shanghai Jiaotong University and Fudan University. In contrast, although Shenzhen's economic strength is also strong, there is still a certain gap between Shenzhen and Shanghai in terms of internationalization and high-end industries.
Both Shanghai and Shenzhen are developed cities in China, and both cities have their own characteristics. Shanghai is one of the economic, financial, trade, shipping, science and technology and cultural centers of China, and its comprehensive competitiveness ranks among the top cities in China and even in the world all the year round. Shenzhen is one of the economic miracles since China's reform and opening up. As one of the first open coastal cities, Shenzhen used to be a small fishing village, and now it has become a global distribution center for electronic information industry, a gathering place for the next generation of information technology and high technology in China, and one of the most open, dynamic and innovative cities in China.