The Dual-Circulation Engine: How Shanghai and the Yangtze Delta Are Powering China's Next Economic Miracle The New Economic Geography1. Core-Periphery Synergy- Shanghai's CBDs concentrate headquarters (83% of Fortune 500 regional HQs)- Manufacturing clusters in Suzhou (electronics) and Wuxi (biotech)- Logistics hubs in Ningbo-Zhoushan port (world's busi