Central Chinese cities hold the most promising prospects for growth and business thanks to quickening urbanization and industrial development, reported a British think tank.<\/p>\n\n\n\n
Central provinces of Anhui, Henan, Hubei, Hunan and Jiangxi dominated the top performers of the latest ranking of Chinese emerging cities by British think tank Economist Intelligence Unit (EIU).<\/p>\n\n\n\n
Suzhou City in eastern China’s Anhui Province came first thanks to strong gains in urbanization and metropolitan population, followed by Yueyang City in central China’s Hunan Province.<\/p>\n\n\n\n
The two cities have made steady progress in developing industrial economies as the Chinese government’s plan to promote city clusters has provided policy tailwinds, the report said.<\/p>\n\n\n\n
“Beyond the traditional megacities along the coast, third- and fourth-tier cities in central China are rising in economic importance and should be on the radar of China-focused businesses,” said Wang Dan, a China analyst at the EIU.<\/p>\n\n\n\n
The EIU’s China Emerging City Rankings are based on a variety of indicators to measure growth, including real GDP, metropolitan population, urban consumption expenditure, foreign direct investment, fixed-asset investment, the urban built area and policy support.<\/p>\n\n\n\n
2019-01-27 Chinanews.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Central Chinese cities hold the most promising prospects for growth and business thanks to quickening urbanization and industrial development, reported a British think tank. Central provinces of Anhui, Henan, Hubei, Hunan and Jiangxi dominated the<\/p>\n