Besides popular names such as Shanghai and Beijing, other cities like Chengdu, Wuhan and Tianjin are the most prosperous places in China – the country with a population of over 1.381 billion. Following is the list of 10 richest cities in China including Wuhan, Guangzhou, Tianjin, Suzhou, Chongqing, Shenzhen, Beijing and Shanghai.
As one of the oldest cities in China, Wuhan has a population of 10.2 million, which is relatively low compared to other rich cities in China but it has a fast-growing economy, achieving 16 billion dollars. The strengths of this city are finance, transportation and information technology. In addition, it is also one of the destinations that attract considerable foreign investment, especially from France, when Wuhan accounts for one-third of the total investment in China.
Guangzhou, which is located in Southern China, is the administrative center and the largest city in Guangdong province. With an economy valued at about $18.6 billion, Guangzhou has gradually become one of the most important cities in China after the open-door policy in the 1980s and 1990s. Currently, the population of Guangzhou is 12.8 million and has been constantly increasing because of the coming of a large number of people from rural areas. Due to this abundant human resource, Guangzhou becomes one of the largest manufacturing centers throughout the country and all over the world as well.
Suzhou is situated in Jiangsu province, southeastern China and at the age of 2,500. Up to now, this city is always regarded as one of the largest and most populous metropolitan areas, although the current population is about 10.5 million. However, the economy of Suzhou is still worth about $21.75 billion, which mainly depends on the manufacturing industries, especially electronics and textiles.
Located in the southwest, Chongqing is one of the five cities that are directly under the central government. With a population of over 28 million and an economy valued at $27.66 billion, Chongqing is of strategic importance to the upcoming development of China. Chongqing is also considered one of the largest automobile manufacturing centers in the world and listed among the fastest growing places in China for many years. In addition, the manufacturing industry of consumer goods in Chongqing strongly develops, which is aimed at demanding the need of domestic people instead of serving the people from abroad like other cities.
Shenzhen, which is located in northern Hong Kong and has a population of 15 million, is one of the important cities of China. Shenzhen plays an essential role in the economic growth of the country, as the most important financial center in the south and home to quite a few large technology companies. Shenzhen also attracts huge foreign investment. In particular, more than $30 billion has been invested in this city since 1979. Accordingly, Shenzhen has an economy of $28.29 billion.
Tianjin is also directly under the central government in China. Located in the north, Tianjin has emerged as one of the hottest destinations for foreign investment in recent years mainly due to the booming finance, transportation and information technology. The population of this city is about 14 million and the economic value achieves $34 billion. Today, Tianjin not only is one of the most important cities in China but also play an important role in the economic development.
Beijing, the capital of China, is familiar to almost all the people around the world. In addition to the main role as the center of economics, politics and culture, Beijing is home to nearly all large state-owned companies. In the past, Beijing was often chosen to be the residence by many Chinese emperors, for example, the famous site of Forbidden City. Accordingly, with an economic value of $59.88 billion, Beijing is now one of the largest and most important centers in the world.
Quite a few people assume that Beijing is the most important economic center but in reality, Shanghai is ranked the number one for this field with the economic value of $67.16 billion. This is considered to be the model city for other cities to follow. Even some experts said “Chinese economy will reach wherever Shanghai go” to emphasize the significance of this city. The strong points of Shanghai are finance, trade, transportation and technology. Nowaday, Shanghai has a population of 28 million and is the busiest port city in the world.