The (Business) Journey To The West

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More and more businesses are looking to inland China, and the regional second the third tier cities, for growth – an issue we have covered before (see our earlier post Chinese Cities: On Top of The (Business) World.

Now eChinaCities has reported on a new set of rankings (h/t @eChinacities):

    “The report was undertaken by the Chinese Academy of Social Sciences (CASS) across Greater China and was based on human resources, capital, technology, environment, culture and government, among others, making up a total of 12 fields with which 294 Greater China cities were tested. The top ten coming out as: Hong Kong, Shenzhen, Shanghai, Beijing, Taipei, Guangzhou, Qingdao, Tianjin, Suzhou and Kaohsiung (second city of Taiwan). From this we can detect that the three most competitive areas are the Pearl River Delta, Taiwan and Jiangsu.”

Among the findings are the following rankings:

    How competitive are Chinese cities on a global scale?
    On a global ranking system, centers for science come top; in China these are the top ranking cities and they fell globally in this order: Hong Kong – 26, Shanghai – 41, Shenzhen – 64, Beijing – 66, Macau – 78, Taipei – 112, Guangzhou – 130, Zhongshan – 216, Suzhou – 218 and Hangzhou – 222

    How do Chinese cities rank in terms of GDP?
    Some surprises in the top ten listed Chinese cities in the overall global ranking for GDP: Hong Kong – 7, Shanghai – 12, Beijing – 23, Shenzhen – 36, Guangzhou – 39, Tianjin – 59, Taipei – 65, Chongqing – 87, Foshan – 95, Hangzhou – 98.

    How fast are Chinese cities seeing their economies grow?
    Cities in Europe and N. America are seeing economic slow down, whereas Asia is the center of growth and Africa continues to suffer. These are the Chinese cities with the fastest growth: Baotou – 2, Hohhot – 2, Yantai – 3, Dongguan – 5, Zhongshan – 7, Huizhou – 8, Weifang – 9, Wuhu – 10, Weihai – 12, Hefei – 13.

The New York Times has also noted growth drivers running ahead of eastern areas:

    “Urban fixed-asset investment in eastern China rose 15.4 percent in the first two months from a year earlier; in central and western China, it surged 34.3 percent and 46.7 percent, respectively, according to the National Bureau of Statistics.

    Business confidence in the west was much stronger than in the east in the first quarter, according to statistics office surveys released last Thursday.

    “The distribution of scores is a reflection of growth potential identified by businesses,” said Sherman Chan, an economist at Moody’s Economy.com in Sydney. “Robust development in the past decade was concentrated in the east, leaving large untapped opportunities, mainly in the western and central areas.”

The FT’s new service “China Confidential” (subscribers only) was also recently upbeat on Chinese consumers in the second and third tier cities.

The (business) journey to the west continues.

2 Responses to “The (Business) Journey To The West”

  1. Archive » Briefly….Top Ten Tweets (Stimulating Times For Autos, Adverts, Regional Cities, Regions Near And Far, Risks, And Rich Barbie Buyers).| China Business Blog Says:

    […] The (Business) Journey To The West April 17, […]

  2. Topics about Beijing | The (Business) Journey To The West Says:

    […] China added an interesting post on The (Business) Journey To The WestHere’s a small excerptMore and more businesses are looking to inland China, and the regional second the third tier cities, for growth – an issue we have covered before (see our earlier post Chinese Cities: On Top of The (Business) World. Now eChinaCities has reported on a new set of rankings (h/t @eChinacities): … […]

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