Central Chinese cities pose strong growth potential
By Trend
Central Chinese cities hold the most promising prospects for growth and business thanks to quickening urbanization and industrial development, Trend reported citing Xinhua.
Central provinces of Anhui, Henan, Hubei, Hunan and Jiangxi dominated the top performers of the latest ranking of Chinese emerging cities by British think tank Economist Intelligence Unit (EIU).
Suzhou City in eastern China's Anhui Province came first thanks to strong gains in urbanization and metropolitan population, followed by Yueyang City in central China's Hunan Province.
The two cities have made steady progress in developing industrial economies as the Chinese government's plan to promote city clusters has provided policy tailwinds, the report said.
"Beyond the traditional megacities along the coast, third- and fourth-tier cities in central China are rising in economic importance and should be on the radar of China-focused businesses," said Wang Dan, a China analyst at the EIU.
The EIU's China Emerging City Rankings are based on a variety of indicators to measure growth, including real GDP, metropolitan population, urban consumption expenditure, foreign direct investment, fixed-asset investment, the urban built area and policy support.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!