Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Hangzhou tops EIU chart of Chinese cities with most economic potential

EconomySep 08, 2021 12:50AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
2/2 © Reuters. FILE PHOTO-A woman wearing a face mask walks past an entrance to a residential compound that has been blocked by shared bicycles, as the country is hit by an outbreak of the novel coronavirus, in Hangzhou, Zhejiang province, China February 12, 2020. China 2/2

(This September 7 story corrects typo in first paragraph)

BEIJING (Reuters) - The Chinese tech hub of Hangzhou, home to e-commerce giant Alibaba (NYSE:BABA), topped an Economist Intelligence Unit ranking of Chinese cities with the greatest economic growth potential in the next few years.

All the cities in the top 10 are in eastern and southern China, except for the capital Beijing, which ranked sixth, after Hangzhou, Shenzhen, Guangzhou, Shanghai and Zhuhai. Suzhou, Hefei, Nanjing and Ningbo rounded out the list.

Cities in the provinces of Guangdong, Jiangsu and Zhejiang are best placed to benefit from China's expected transition to a more technology-driven growth model during 2021-2025, the EIU said, with the cities of Hangzhou, Nanjing and Suzhou expected to further attract huge inflows of skilled workers.

In the government's plan for 2021-2025, China will increase its annual research and development spending by over 7% in the period, telegraphing its resolve to advancing in the tech sector and rely less on external expertise and know-how.

Some economists warn the high-tech boom in eastern and southern China, however, will aggravate a brain drain in the north, with Beijing being the exception, and deepen north-south economic imbalances.

The EIU also said smaller cities such as Zhuhai, close to Guangzhou and Shenzhen, and Jiaxing, sandwiched between Shanghai and Hangzhou, will perform well economically due to positive spill-over effects.

"With the government's urbanisation strategy focusing increasingly on creating city clusters, metropolitan areas, and industrial clusters, we also advise firms to pay close attention to broader, multi-city urban geographies," said Yue Su, principal economist for China at the EIU.

China plans to build 10,000 kilometres (6,214 miles) of intercity and urban railway lines in 2021-2025 in the Yangtze River Delta in the east, the Greater Bay Area in the south and the Beijing-Tianjin-Hebei region in the north.

It also aims to create over 50 million new urban jobs during the period.

Hangzhou tops EIU chart of Chinese cities with most economic potential

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Дмитро Білавич
Дмитро Білавич Sep 08, 2021 12:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
China is the greatest tech empire that becomes on our eyes
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email