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Focuses on Shanghai's position as China's cultural capital. The city's reinvention of its historic stature as the country's most open metropolis; Psychic connection of personal liberation and free enterprise in the city; Scheduled fall 1998 opening of the Shanghai Grand Theatre across from the Shanghai Museum; Development of a fashion industry; Revival of the decadent chic of the old Shanghai.

Provides information on Shanghai, China. Details on the plan to transform Pudong into an industrial area; Exhibits at the Museum of Ancient Chinese Sex Culture; Western influences; Description of the Old Shanghai.

Examines the impact of the financial crisis in Asia on Shanghai, China. How the city is often held up as a model of what China wants to be; Host of problems that plague Shanghai; Industrial dislocation; The city's newly rich; Comments by Mayor Xu Kuangdi.

Discusses the social and cultural conditions of the city of Shanghai, China. View that the city's ability to move beyond Communism to embrace the modern make it the most liveable city in China; View that the city has become Westernized and does not reflect Chinese culture as much as Western culture; View that the city lacks creative passion which fuels the underground culture in Beijing; Concern that Shanghai is more strict than Beijing in regulating culture and the arts.