These 10 Chinese Cities Lead the Country in GDP

By Ryan Gandolfo, January 31, 2019

0 0

China’s economy has long been heralded for its rapid development. But more recently, the world’s second largest economy has seen its growth slowing down. Xinhua reported that the PRC grew at 6.6 percent year-on-year in 2018, a notable drop from the 6.8 percent growth rate in 2017.

Even with this economic slowdown, some of the nation’s biggest cities are still experiencing an increasing growth rate.

Yicai Global published a report on January 28, ranking the country’s top performers in terms of 2018 gross domestic product (GDP), which is the value of all finished goods and services produced. (Note: the report does not specify whether the figures are real GDP or nominal GDP). This key indicator is an important one as the country looks to its first-tier cities to continue developing at a fast pace.

The list, which was compiled by Yicai Global using statistics published by local governments across major cities, includes the PRC’s top 10 economic powerhouses.

Check out the country’s best performers below:

1. Shanghai

shanghai-1.jpg
Image via Pixabay

2. Beijing

beijing-2.jpg
Image via Pixabay

3. Shenzhen


Image via Unsplash

4. Guangzhou

guangzhou-4.jpg
Image via Pixabay

5. Chongqing

city scale photography
Image via Unsplash

6. Tianjin

tianjin-2185510_960_720.jpg
Image via Pixabay

7. Suzhou

suzhou.jpg
Image via Pixabay

8. Chengdu

chengdu.jpg
Image via Pixabay

9. Wuhan

selective color photography of top angle vehicle on suspension bridge near city
Image via Unsplash

10. Hangzhou

gray pier on body of water
Image via Unsplash

The report also notes that no significant changes to the list have occurred since last year, however, notably, Beijing has now joined Shanghai in the RMB3 trillion GDP club.

Guangdong province’s two top performers – Shenzhen and Guangzhou – saw GDP growth of 7.5 percent and 6.6 percent, respectively. The two cities’ figures both fell below their targets set at the beginning of 2018. This was the second consecutive year that Shenzhen outperformed Guangzhou in terms of GDP.

Meanwhile, metropolises in the Midwest region of the Chinese mainland have grown the fastest among China’s major cities this year, with both Wuhan and Chengdu’s GDP growth reaching 8 percent.

READ MORE: This Chinese City Leads the Nation for Singles in the Workplace

[Cover image via Unsplash]

more news

Jaywalkers in China Forced to Watch Videos of Bloody Traffic Accidents

Shanghai traffic police are forcing jaywalkers to watch a video compilation of bloody accidents from past years.

8 Ways For Singles to Spend Valentine's Day in China

You are a fiercely independent woman/man, and you don't need any man/woman.

PHOTOS: China’s Tourist Spots You're Glad You Avoided Over CNY

We’ve compiled another round of shocking photos from another year of CNY tourism mania.

9 Things to Expect During Spring Festival in China

Staying in China for CNY? Here's what to expect.

These Photos of CNY Crowds in China Will Make You Cringe

It's not the end of the world, just the end of a year.

2019 Spring Festival Gala Livestream: How to Watch Online in China

Each year, the four-hour New Year Gala is the most watched television show in the world, with at least 700 million viewers tuning in every year.

Super Bowl 2019 Livestream: How to Watch Online in China

The 2019 Super Bowl is happening tomorrow and we can’t wait!

Here Are 7 Search Engines to Use in China When Bing Won't Load

It's time to venture outside your digital comfort zone...

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at Thats_Shanghai for events, guides, giveaways and much more!

7 Days in Shanghai With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Shanghai!

Visit the archives

Get the App. Your essential China city companion.