As I said in the paragraph where this link was located, Shanghai's doing pretty good too. Before the 600's, most of Shanghai was under developed marshes known as Shen. City walls were first erected in the 1550's. Then the opium wars came and went, and refugees come and populate Shanghai. After that there were a series of technological advances. The gas lighting brought in at 1865 was replaced by electric bulbs at 1882. Cars came in the 1890's, followed by an electric tramline. In 1912, the old walls were torn down. In 1934, the Park Hotel was made.
People first realized how well they were doing in 1935, when Shanghai was pronounced the fifth largest city on earth. Russian refugees become the second largest foreign group in Shanghai. The next year, Lu Xun dies in Shanghai. This is followed by World War Two, where both Hong Kong and Shanghai are overrun by the Japanese. Thousands of people died in bombing raids. That didn't stop the inflow of people; soon after, 20,000 people came in from Europe. Four years after the Japanese surrender in 1945, there was a crisis. The inflation rate increased, meaning that money was worth less and less, until every U.S. dollar is worth six million Chinese dollars.
However, Shanghai was still an economic wonder that could compete with Hong Kong. In 2004, it was said that Shanghai citizens were the highest paid in China.