Shanghai Wants its Own ‘Wall Street Bull’

New York’s charging bull statue that sits near Wall Street in lower Manhattan is a symbol of wealth, power and dominance ; a status that China desperately seems to want to achieve. According to Chinese state media reports on Saturday, Mainland’s financial capital, Shanghai, has decided to build a relatively similar version of New York’s charging bull. It will be twice as big as ours.

From Reuters:

Shanghai, plans to install its own version of the Street’s famed charging bull statue, casting in metal its hopes to eventually rival New York.

[The statue] will sit on the city’s famous Bund riverfront, across from the Pudong financial district, weighing 6 metric tonnes, compared with Wall Street’s 3.2 tonne beast.

Xin Yaqin, an official in Shanghai’s Huangpu district, said the statue was intended to “bring confidence and fortune to the Chinese people in times of economic uncertainty,” the paper reported.

“Shanghai is different from New York, so we’ll ask the artist to add Chinese characteristics to the sculpture,” Xin said.

The giant bull statue will weigh more than 13,000 pounds compared to the 7,000 pound bull in New York, according to China Daily.

China’s growing business hub, Shanghai, is home to China’s biggest stock exchange and the regional base of many multinationals.