China saw an increase in the number of its urban centres with GDP’s above the one trillion yuan (approx. USD$155.6 billion) threshold in 2020, despite the economic impacts of the COVID-19 pandemic.
As of the end of 2020 a total of 23 had annual GDP’s of more than one trillion yuan, for an increase of six compared to the end of 2019.
The six new entrants on the list included the port city of Quanzhou in Fujian province, the Jiangsu province city of Nantong, the Fujian province capital of Fuzhou, the Shaanxi province capital of Xi’an, the Anhui province capital of Hefei and the Shandong province capital of Jinan.
Quanzhou’s 2020 GDP was 1.01587 trillion yuan, for a YoY rise of 2.9%, while Nantong’s was 1.00363 trillion yuan for an increase of 4.7%. Fuzhou posted a 2020 GDP of 1.002 trillion yuan, for YoY growth of 5.1% and Xi’an’s 2020 GDP was also 1.002 trillion yuan, for a rise of 5.2%.
Hefei’s GDP in 2020 was 1.004 trillion yuan for an increase of 4.3%, and Jinan’s was 1.014 trillion yuan for a rise of 4.9%.
The 17 other Chinese cities with GDP’s above one trillion yuan include Shanghai, Beijing, Guangzhou, Chongqing, Suzhou, Chengdu, Wuhan, Hangzhou, Tianjin, Nanjing, Ningbo, Wuxi, Qingdao, Zhengzhou, Changsha and Foshan.