Once you've traced Shanghai's colorful past along The Bund (the famed colonial-era street that forms the city's waterfront) and the French Concession (a goldmine of art deco architecture), make time for the Yu Gardens in the Old City. Eighteen years in the making (and nearly obliterated during the Opium War in 1842), this exquisite example of Ming garden design is well worth the visit.
Skip the paper lanterns, painted fans and other tchotchkes you can get back home and seek out a real Chinese souvenir from among the racks and racks of vintage cheongsams (traditional Chinese dresses) at the Old City God's Temple Market. Or go slightly more contemporary and check out Shanghai's burgeoning modern art scene. With prices well below the international market, you could score a great deal - and discover an unknown while you're at it. Look for good buys on pearls, silks and cameras too.
The currency used in China is the Renminbi Yuan (RMB)