What is "lujiazui"

Lujiazui (, 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 Lujiazui area as the only finance and trade zone among the 185 state-level development zones in mainland China.