Shanghai is the largest Chinese city by population and the largest city proper by population in the world. It is one of the four direct-controlled municipalities of the People's Republic of China, with a population of more than 24 million as of 2014.t is a global financial center, and a transport hub with the world's busiest container port. Located in the Yangtze River Delta in East China, Shanghai sits on the south edge of the mouth of the Yangtze in the middle portion of the Chinese coast.