China’s cities have been reshuffled, with 24 cities with a trillion yuan GDP

2022-07-02 0 By

Chinese cities are embracing a new round of major reshuffle.Industrial pattern, population situation, change of international situation, epidemic, flood, energy consumption control and other factors influence……Great changes have taken place in the urban economic pattern throughout the country.Who goes in and who goes out?0150 cities, who is the goalkeeper?This is the list of top 50 cities with GDP in mainland China in 2021: The competition of the first echelon of Chinese cities has moved from the first trillion club to the 2 trillion and even 3 trillion club.At the same time, the number of mainland cities with a trillion yuan GDP has increased to 24, including 18 in the south and six in the north.The threshold for the TOP50 cities has also been raised to more than 500 billion yuan, with taiyuan as the “goalkeeper” and some provincial capitals failing to make it into the TOP50.To be specific, Beijing and Shanghai jointly broke through 4 trillion yuan, becoming the only two cities of 4 trillion yuan in China.As the two first-tier cities with the most transcendent status, one is the political and cultural center, the other is the economic and financial center, their comprehensive strength will still be far ahead in the future.After Beijing and Shanghai, guangzhou and Shenzhen, both first-tier cities, are marching toward 3 trillion yuan.Although the gap with Beijing and Shanghai has widened to some extent, Guangzhou and Shenzhen are only sub-provincial cities, and Guangzhou is subject to three-level finance, so it is difficult for Guangzhou to match Beijing and Shanghai in terms of administrative level, urban level and policy strength. It is difficult to achieve such achievements by relying more on self-reliance.In the 2 trillion club, Guangzhou, Chongqing and Suzhou are far ahead.In 2022, it is not difficult for Guangzhou and Chongqing to break through 3 trillion yuan, while Suzhou is also likely to challenge 3 trillion yuan in the next five years.In fact, among the TOP10 cities, chengdu is only one step away from 2 trillion yuan, while hangzhou, wuhan and other places will only surpass 2 trillion yuan in a matter of one or two years.At the same time, trillion club members, once again ushered in expansion, but in 2021 only dongguan city promotion.At present, China has 24 trillion cities, 18 in the south and 6 in the north.Of course, with the expansion of trillion cities, the gold content of trillion GDP is also rapidly declining. Trillion will only be the starting point of urban competition, not the end.02 Grand City Game: Who has advanced?No one can stay strong forever in the urban economy.Which cities have held on to their economic dominance over the past year?Which cities have been challenged?First, jinan, Hefei, Fuzhou, Dongguan, Tangshan, Shenyang, Nanchang, Taiyuan and other provincial capitals or economically strong cities have achieved promotion.Taiyuan surpassed nanning with a slight advantage of about 100 million yuan to advance to the TOP50 cities and become the “goalkeeper” of the TOP50 cities.Capital cities such as Nanning, Guiyang, Urumqi, Lanzhou and Hohhot were not among the top 50.Second, Guangzhou has steadily overtaken Chongqing as the fourth largest city in TERMS of GDP, and has narrowed the gap with Shenzhen.In 2021, Guangzhou’s GDP was 2.82 trillion yuan, while Chongqing’s was 2.78 trillion yuan, extending its lead over Chongqing to more than 30 billion yuan.At the same time, the gap between Guangdong and Shenzhen has narrowed from over 400 billion yuan at the peak of several years ago to about 240 billion yuan.This is due to the industrial transformation of Guangzhou, with the help of the new generation of information technology, biomedicine, new energy and other new drivers, as well as the help of urban renewal, economic development has returned to the track of high growth.Third, Tianjin is still not in the top ten.Since Nanjing replaced Tianjin to become the 10th GDP city of mainland China in 2020, the direction of Tianjin’s economy has become the focus of public opinion, with Beijing being the only northern city left in the top 10 cities.However, tianjin is still one step away from the TOP10 in 2021.With a GDP of 1.57 trillion yuan in 2021, Tianjin is still more than 60 billion yuan behind Nanjing, which ranks 10th.After Nanjing surpassed Tianjin for the first time in 2020 to become one of the top ten cities, Tianjin still failed to overtake Nanjing in 2021, with a gap of about 60 billion.Who is the biggest “dark horse”?In 2021, a batch of “dark horses” emerged in the urban economy, and the economic strength achieved a significant jump.Among the TOP50 cities, four made the most progress: yulin in shaanxi province, taiyuan in Shanxi Province, weifang in shandong province and fuzhou in fujian province.Among them, with the advantage of being a strong provincial capital, fuzhou regained its position as the largest city in economy in the province, and its GDP surpassed quanzhou, nantong and xi ‘an, ranking among the TOP20 cities.Weifang, in Shandong province, surpassed Shijiazhuang, Shaoxing, Yancheng and other cities in the rankings, greatly improved.Weifang’s promotion, on the one hand, benefits from the strong industrial growth, industrial growth of more than 12%;On the other hand, investment contributed. Fixed investment grew by more than 16%, including infrastructure investment by more than 33%.Weifang once shouted the slogan of “insisting on the GDP of over one trillion yuan, sprint to the top 30 of the comprehensive strength of large and medium-sized cities in China, and accelerate into the ranks of the second-tier cities in China”.If high growth can be maintained, this goal is not impossible to achieve.In comparison, Yulin, Taiyuan is more prominent.In 2021, the nominal GDP growth rate of Yulin and Taiyuan reached 32.9% and 23.3% respectively, and the city ranking jumped 11 and 6 places respectively, and the two cities were promoted to the top 50.Yulin and Taiyuan promotion, benefited from resource prices.Yulin is a famous coal city, while Shanxi Province, where Taiyuan is located, is the country’s largest producer of coal.Over the past year, a combination of tight global supply chains, high inflation and twin controls on energy consumption has led to a surge in coal production capacity and prices, leading to a rare surge in economic output in resource-based cities.Among them, Yulin is the most typical.In 2021, Yulin’s GDP reached 543.518 billion yuan, not only surpassing Taiyuan, the capital of neighboring province, but also surpassing Xiangyang and Yichang, and approaching Luoyang, a non-provincial capital city in central and western China.The coal price rises sharply, how big is the contribution to yulin economy?Data show that in 2021, the industrial output value of Yulin exceeded 700 billion yuan for the first time, an increase of 55.9% over the previous year.Among them, the output value of energy industry increased by 61.4%;The output value of the chemical industry rose 54.3 percent.Of course, in the future, the energy industry will also face the impact of the Federal Reserve’s interest rate hike, the normalization of the global supply chain, and the dual carbon strategy. It is worth paying attention to whether it can continue to maintain rapid growth.In 2021, strong provincial capitals will shine brightly.This year, not only chengdu, Wuhan and other traditionally strong provincial capitals achieved further breakthroughs, but also some provincial capitals, which had always been “weak”, also achieved a new level of economic strength.Not long ago, Fuzhou of Fujian province, Nanchang of Jiangxi Province, Nanning of Guangxi Province, Guiyang of Guizhou Province, Shijiazhuang of Hebei province and Taiyuan of Shanxi Province all put “strengthening provincial capitals on the agenda”. Some places even shouted out the slogan “if provincial capitals are strong, the whole province will be strong; if provincial capitals are prosperous, the whole province will be prosperous”.In the past year, the economic strength of a number of provincial capitals has improved. Shenyang is close to the top 30 cities, and it has returned to the rank of the largest capital city in northeast China. Fuzhou has jumped to the top 20 cities, Taiyuan to the top 50 cities, and jinan, Hefei, Nanchang and other provincial capitals have also improved significantly.Among them, the most typical is Fuzhou, not only jumped to the top 20 cities, but also returned to the first city in Fujian.In Fujian province, fuzhou has long been the provincial capital, Quanzhou a strong economic city, and Xiamen a special economic zone, a city under separate state planning and a city at the sub-provincial level.In 2021, Fuzhou’s GDP reached 1,132.448 billion yuan, while Quanzhou’s was 1,130.417 billion yuan and Xiamen’s was 703.39 billion yuan.This means that Fuzhou, with a leading advantage of 2 billion, has returned to be the largest economic city in Fujian after 20 years.Behind this, not without the help of strategy of strong provincial capital.Last year, Fujian issued several Opinions on Supporting Fuzhou to Implement the Strategy of Strengthening the Provincial capital, supporting Fuzhou to build itself into a national central city, vigorously supporting Fuzhou to grow bigger and stronger, and enhancing the power of provincial capital cities.This means that Fuzhou should not only become a strong provincial capital, but also compete for the national center city.Xiamen, which belongs to the same province, also proposed the idea of creating a national central city.Although Fuzhou regains the rank of the largest city in Fujian province, the healthy competition between Fuzhou, Xiamen and Quanzhou will continue.There are 4 central cities in northeast China: Dalian, Shenyang, Changchun and Harbin.These four cities are all among the sub-provincial cities, accounting for more than a quarter of the country’s 15 sub-provincial cities.The reason why all the four cities in northeast China were promoted is that in the 1990s, when the sub-provincial cities were established, the economy of northeast China was among the top in the country.There was no further expansion of the sub-provincial cities, leaving zhengzhou, Changsha, Hefei and other trillion strong cities as provincial capitals.Nevertheless, in recent years, northeast economy strong city is surpassed by other provincial capital successively.In addition to the economic census conducted several years ago, the GDP of many cities in northeast China, which had already exceeded 700 billion yuan, has been squeezed and is back to the process of reaching 700 billion yuan again.After 2020, development in all parts of Northeast China is on the right track.In terms of 2021 economic data, Dalian ranked first in northeast China with 782.59 billion yuan and 29th in the country.Shenyang’s GDP reached 724.9 billion yuan, overtaking Kunming and Changchun and ranking 31st, regaining its position as the largest provincial capital in northeast China.Changchun’s GDP is around 700 billion yuan, ranking between 30 and 40, while Harbin’s GDP is 535.1 billion yuan, ranking within 50.In the coming years, northeast China is expected to have its first trillion yuan city.Who will be the next Trillion cities?At present, the mainland has 24 trillion yuan GDP cities, including 18 in the south and 6 in the north.Guangdong monopolized 4 seats and tied with Jiangsu for the first place. Guangzhou, Shenzhen, Foshan and Dongguan all broke one trillion yuan.The six trillion cities in the north are: Beijing, Tianjin, Qingdao, Zhengzhou, Jinan and Xi ‘an.So, who is the next trillion city?It can be seen that after the promotion of Dongguan, there is an obvious fault in cities of magnitude of 900 billion, which means that 2022 May be a year without new trillion cities.At present, there are four cities with an order of 800 billion: Changzhou in Jiangsu province, Yantai in Shandong Province, Tangshan in Hebei Province and Xuzhou in Jiangsu Province.These cities are expected to join the list of trillion cities in the next two years or at the latest by 2025.On the order of 700 billion, there are dalian, Wenzhou, Kunming, Shenyang, Weifang and many other cities. In the next five years or so, there is a large probability that a trillion cities will be born in these places, and northeast China is also expected to achieve a breakthrough of zero trillion cities.Of course, as China’s economic aggregate exceeds three quarters of that of the United States, the highest level of provincial economy has climbed to more than 12 trillion yuan, and the highest level of municipal economy has also exceeded 4 trillion yuan, the gold content of trillion cities will be significantly different from the past.By then, 2 trillion cities, or will be a new starting point.Source: National Economics, this article has been authorized, thanks to the original author.Click on the picture below to learn about profit and cash flow control plan