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Shanghai Known as the Paris of the East, Shanghai is the most vibrant and cosmopolitan city in China with broad streets and boulevards lined with imposing buildings. The Bund (which runs along the waterfront), Nanjing Road, and Bubbling Well Road are the most noted thoroughfares. Traditional Shanghai characteristic buildings are found only in the original Chinese town (no longer walled), known as Nanshi. The Oriental Pearl Television Tower (1,535 ft/468 m high), the 88-story Jin Mao Tower, and the butterfly-orchid-shaped Oriental Arts Center with its four performance halls are in Pudong. Shanghai, as the country's foremost educational center, has an astronomical observatory and many research institutes and learned societies. People's Square, refurbished in the late 1990s, is the site of Shanghai Grand Theatre and Shanghai Museum containing the country's finest collection of Chinese art.