Hefei, Anhui
Hefei is one of the fastest-growing cities in China with a GDP of RMB 721.3 billion (US$106.8 billion) in 2017 an increase of 73.2 per cent in comparison to 2012. According to the survey of the State Administration of Foreign Experts Affairs titled ‘2017 Charming China’, revealed that Hefei was the third most attractive Chinese city after Shanghai and Beijing in the eyes of foreign talent. Hefei includes eight core industries including automotive, equipment manufacturing, home appliances, chemicals, new materials, software and electronic information, biomedicine, and food processing. According to the data of the year 2017, Hefei has a population of 7.96 million with a per capita income of RMB 31,950. The monthly minimum wage in Hefei is RMB 1,520 and the total export-import is RMB 168.41 billion and the actual utilized FDI is RMB 20.38 Billion. Moreover, Hefei has increased its efforts to focus on Fortune Global 500 companies in sectors such as equipment manufacturing, new energy vehicles, and logistics to attract additional foreign enterprises and top-tier talent. By 2023, Hefei will have a GDP of more than RMB 1 trillion (US$150.9 billion).
Top 5 Fastest Growing Cities in China
Hefei, Yangzhou, Shenzhen, Chengdu, and Nantong are the fastest-growing cities in China. Growth in the sense of population, per capita income, monthly minimum wage, total export-import volume, and actual utilized FDI. Over the past few decades, certain urban centres in China have grown a lot, transforming from small towns into busy cities. These cities are not just expanding physically but also economically, socially, and technologically, reshaping the landscape of China.
In this article, we will see about the cities in detail based on their growth.
Table of Content
- List of 5 Fastest Growing Cities in China
- What Does Growth Mean?
- Hefei, Anhui
- Yangzhou, Jiangsu
- Shenzhen, Guangdong
- Chengdu, Sichuan
- Nantong, Jiangsu
- What powers China’s economic growth?
- Conclusion
- FAQs on fastest growing cities in the China