NYU Shanghai is scheduled to open in the fall of 2013. It will eventually enroll 3,000 undergraduate, graduate and professional students.
Classes will be taught in English. About 40-50 percent of the students will come from China.
It will be the school's second major international campus. Last year, NYU opened a school in Abu Dhabi in United Arab Emirates. It also has a dozen smaller programs in other countries.
New York University has also embarked on an ambitious plan to expand its campus at home. The school plans grow its campus by 6 million square feet over the next two decades.