In 2023, China s trillion dollar city economic development ushered in a new milestone

Mondo Social Updated on 2024-03-07

In 2023, China's urban economic development has ushered in a new milestone. The number of cities with a GDP exceeding one trillion yuan has reached 26, including four cities with a GDP of 2 trillion yuan, three cities with a GDP of 3 trillion yuan, and two cities with a GDP of 4 trillion yuan. This was the year in which the competitive landscape between cities changed significantly, especially in terms of GDP rankings. Guangzhou City with 30355With a GDP of 7.3 billion yuan, Chongqing regained its position as the country's fourth-largest city, while Hangzhou successfully overtook Wuhan to become the eighth-largest city.

The rise of GuangzhouGuangzhou's GDP growth has benefited from the transformation of its industrial momentum, especially the added value of strategic emerging industries accounts for more than 30%, and the two industrial clusters of biomedicine and intelligent manufacturing equipment have been rated as national excellent. In addition, Guangzhou has also made remarkable achievements in the production of new energy vehicles, with the output exceeding 650,000 units, an increase of 108 times.

Hangzhou's grab eight: Hangzhou's GDP growth reflects the strong momentum of the digital economy. In 2023, the added value of the core industries of Hangzhou's digital economy will reach 567.5 billion yuan, accounting for 28% of GDP3%, second only to Beijing, Shenzhen and Shanghai in terms of overall strength in the field of digital economy.

A new pattern of urban competitionFrom a national perspective, the top 10 cities in terms of GDP are mainly concentrated in the south and east, especially in the Pearl River Delta and Yangtze River Delta regions. There are relatively few cities in the northern, central, and western regions, reflecting the uneven development of China's economy. Jiangsu Province leads with 5 trillion cities, followed by Guangdong with 4 trillion cities. This distribution pattern shows the regional characteristics of China's economic development, as well as the differences in economic strength and development level among provinces.

Looking to the futureWith the intensification of competition between cities, cities need to further strengthen scientific and technological innovation, talent training, industrial structure adjustment and other aspects to cope with the increasingly fierce urban competition. Especially for those ordinary prefecture-level cities that are slightly inferior in the urban energy level, they need to rely on the breakthrough of their own industries. For example, Yantai and Changzhou have both relied on their own leading industries to achieve rapid development and become new trillion-dollar cities.

In summary, the development of China's urban economy in 2023 will show a situation of multi-point flowering and fierce competition. In this trillion-dollar city competition, whether it is a city that is already standing at the top or a city that is catching up, it needs to continue to innovate and transform to maintain its leading position in the fierce competition. In the future, we have reason to believe that the territory of China's urban economy will continue to expand, and new growth poles will continue to emerge to promote the sustained and healthy development of China's economy.

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