Chinese Economics Thread
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China's top 100 cities contributed around 70 percent of the country's GDP last year, playing an increasingly important role in supporting the nation's overall growth.
The cities created a combined GDP of around 80 trillion yuan ($13 trillion) in 2021, the lion's share of the nation's gross domestic product of 114.4 trillion yuan, showcasing the resilience of the Chinese economy and auguring well for the country's high-quality development over the next few years, experts said.
The top 100 list includes cities with a GDP of at least 308.3 billion yuan, up 28.12 billion yuan from the previous year.
Jiangsu province did better than all other provincial-level areas, with 13 of its cities making the list.
Jia Ruoxiang, director of the comprehensive research office at the National Development and Reform Commission's Institute of Spatial Planning and Regional Economy, said cities on the east coast and in the central and western regions made great strides and were a driving force in stabilizing the economy last year.
Most of the cities with robust growth have strong innovation capabilities and a modern industrial system, showcasing strong resilience and great potential, Jia said.
He added that fluctuations in energy prices and the rapid development of new energy sectors have driven up the growth of some cities, such as Erdos in the Inner Mongolia autonomous region, Yulin in Shaanxi province and Ningde in Fujian province.
This is worrying. Governments usually do this when they are expecting a crisis soon. It seems the Chinese government thinks a global slowdown is possible.
@gelgoog yeah the worst Chinese tech company ever the same level as Lenovo, more optics less muscle, idolizing a dead person (Steve Job) ideas that contribute nothing to society.
cash Not Equal energy ... stockpiling cash means nothing.... what would be worrying is if they stockpiled a lot of food, energy, raw resources in preparation for something later this year