In 2023, China's large and medium-sized cities have experienced different stages of economic development, with significant differences in growth rates. In this fierce competition, Zhengzhou is known for its 7With a GDP growth rate of 4%, it has become the largest city in the country in terms of growth rate, and has become the dark horse of economic growth this year. Zhengzhou's outstanding performance is due to its unique geographical location, industrial structure and policy support. The city has written its own glorious chapter with perseverance.
However, in stark contrast to Zhengzhou's rapid development is Dongguan. As the champion of house price growth in 2020, Dongguan's GDP growth rate in 2023 will only be 26%, ranking at the bottom. This result makes people sigh that Dongguan's economy still seems to be mired in the quagmire of the real estate market. This also reflects the economic model of over-reliance on the real estate market, which may bring potential risks to the development of the city.
As we look back at 2023, we can't help but look ahead to 2024. Which city will be the dark horse of the year? Are they cities that already have strong economies, or are they emerging cities that are on the rise? Let's wait and see, and look forward to China's large and medium-sized cities showing a more colorful economic development scene in the new year.