 Nyora kupfuurira kweiyi ndima - Pamberi pa1949 uye kugadzwa kwePeoples Republic of China, yava kunzi Peoples Square yaiva nzvimbo yemitambo yemabhiza yaiva neShanghai Race Club. Kubhejera nemitambo yemabhiza zvakapera muHondo Yenyika II uye hazvina kubvumirwa kutangazve nehurumende yeRepublic of China mushure mehondo. Pashure peHondo Yenyika yeChina, hurumende itsva yechiKomonisiti yakaenderera mberi nokurambidza uye, apo kirabhu yakapinda mumatambudziko emari, yakatora nzvimbo yacho uye chikamu chemakwikwi emakwikwi chakava Peoples Square, iyo yaisanganisira nzira huru uye vateereri vanomira kuti vashandiswe panguva yemitambo. 