The number of Chinese cities with GDP’s in excess of 1 trillion yuan (approx. USD$157.3 billion) hit 24 in 2021, with the national capital of Beijing leading the pack.
The Guangdong province industrial hub of Guanzhong saw its GDP exceed 1 trillion yuan in 2021, making it the 24th city in China whose economy has breached the trillion yuan barrier.
Other cities in China with GDP’s of over 1 trillion yuan include:
- Shanghai (which first crossed the threshold in 2006),
- Beijing (2008),
- Guangzhou (2010),
- Shenzhen (2011),
- Tianjin (2011),
- Suzhou (2011),
- Chongqing (2011),
- Wuhan (2014),
- Chengdu (2014),
- Hangzhou (2015),
- Nanjing (2016),
- Qingdao (2016),
- Wuxi (2017),
- Changsha (2017),
- Ningbo (2018),
- Zhengzhou (2018),
- Foshan (2019),
- Fuzhou (2020),
- Quanzhou (2020),
- Nantong (2020),
- Hefei (2020),
- Xi’an (2020),
- Jinan (2020).
18 of China’s trillion yuan cities are situated in the south of the country, while 6 are in the north. Guangdong province alone is now host to four cities with GDP’s of over one trillion yuan, including Shenzhen, Guangzhou, Foshan and Dongguan.
2021 also saw Beijing become China’s first city with a GDP in excess of 4 trillion yuan following YoY growth of 8.5%. Per capita regional GDP and total labour productivity in Beijing reportedly now ranks first in China.
