Shanghai’s GDP exceeds RMB 3 trillion mark for the first time according to the economic data of 2017, stabilizing its No. 1 position of China cities. More importantly, it brings spillover effects to Yangtze River Delta and surrounding areas.
Due to Bin Hai new town’s GDP contribution, Tianjin’s economic growth in 2017 was cut and overtaken by Chongqing, dropping out of the competition for the top 5. According to the latest data from 21st Century Business Herald, Chongqing’s GDP for 2017 hit RMB 1.936 trillion while Tianjin's is RMB 1.933 trillion.
Shenzhen’s GDP for 2017 reached RMB 2.2 trillion, exceeding Guangzhou and Hong Kong. In 2016, Shenzhen’s GDP exceeded Guangzhou’s by approximately RMB 273 billion only, while this year’s margin grew to more than RMB 500 billion, pulling...
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