In recent years, China has been at the forefront of sustainable development. California-based Milken Institute has been tracking the best performing cities in China since 2015, based on comprehensive data from 34 tier-1 and tier-2 cities and 228 tier-3 cities. Based on this data, below are China’s best performing cities in 2019.
Chengdu has overtaken Shenzhen as the best-performing economy. The city moved up six places to grab the top spot for the third time since 2015 in the index which ranks 262 Chinese cities on nine growth indicators, such as jobs, wages, GRP per capita and FDI growth.
According to the survey, the city ranked number one in terms of employment growth, fifth for wage growth and 15th for GRP per-capita growth among China’s first- and second-tier cities.
The report states that municipalities directly governed by the Chinese central government are classed as the first tier, whereas second-tier cities include capital cities of provinces, plus Dalian, Ningbo, Qingdao, Shenzhen, and Xiamen.
Beijing was ranked as the third best-performing city, nine spots higher than last year. Shanghai was in 14th place, followed by Guangzhou. Two years ago, both cities were ranked in the top ten with Shanghai at number one and Guangzhou at number nine.
As for the best performers in the small cities group, Guangdong’s Dongguan topped the list for the second consecutive year, largely due to its status as a manufacturing and export hub. Although the city remains a key hub for smartphone manufacturing despite many manufacturers moving to other countries (primarily in Southeast Asia). In recent years, the city has presented policies that will make Dongguan an advanced manufacturing base focused more on automated equipment and robotics.
Sitting at number 3, Zhuhai moved up two spots from 2018 ranking. The report notes that the city’s transportation and industrial infrastructure has been improved greatly with the completion of the Hong Kong-Zhuhai-Macau Bridge in 2018.
Suzhou has consistently ranked in the top ten in the small cities group ranking since the series began and is said to be transforming into a hub for high value-added industries. And similar to the Greater Bay Area, Suzu is a part of a regional city cluster, located next to Shanghai, Nantong and Taizhou – the latter two of which are in the top 5 in the small cities.
Images and data from a third party. You can read the original article here.