I booked the New Asia Hotel through HotelClub and at the time it was pretty cheap, and for the location, it was far cheaper than anything that was close to the Bund, Nanjing Rd and so on.
My first introduction to Shanghai was similar to that of Beijing, another taxi driver that sees a foreigner as dollar signs. As I walked out of the Shanghai Station I walked straight up to the cab rank and was fortunate to find a couple of drivers who spoke English. I told them the hotel I was staying at and one said no problem, so I started to throw my stuff in his boot. It’s on the meter right? I asked, no meter, 100 RMB he replied.