Everyone is familiar with the story of China’s growing economy, but the scale of this growth can be hard to fathom without comparisons.
Here we compare the 2017 GDP of China’s largest cities with entire sovereign nations around the world. These 14 Chinese cities form a “trillionaires” club: each has annual GDP of RMB1trn or above.
Last year, Wuxi and Changsha were added to the list, while Shanghai continues to rise inexorably, now having an economy equivalent to that of Iran, the world’s 27th largest.
These large, wealthy cities are significant drivers of China’s overall growth and will be important targets for real estate investors who can provide the infrastructure for that growth.