Nanjing, Qingdao Make List of Chinese Cities With GDP of CNY1 Trillion or More
Yicai Global
/SOURCE : Yicai
Nanjing, Qingdao Make List of Chinese Cities With GDP of CNY1 Trillion or More

(Yicai Global) Feb. 8 -- Nanjing and Qingdao, two cities in east China's Jiangsu and Shandong provinces, recorded annual gross domestic product (GDP) of more than CNY1 trillion in 2016 to rank 11th and 12th on the list of affluent Chinese cities, respectively, per the 2016 economic statistics for 20 Chinese key cities.

Calculated at comparable prices, Nanjing's annual GDP rose eight percent from 2015 to top CNY1 trillion in 2016, per data from Nanjing's statistics bureau, while Qingdao's annual GDP rose eight percent from 2015 to just over CNY1 trillion in 2016, data issued by its statistics bureau shows.

Ten cities boast GDP above CNY1 trillion, namely Shanghai, Beijing, Guangzhou, Shenzhen, Tianjin, Chongqing, Suzhou, Chengdu, Wuhan and Hangzhou.

Among the top 10 cities with the highest economic output, Shanghai and Beijing -- the two super-cities -- still far outstretch Nanjing and Qingdao.

Noteworthy is that the rapid development in high-tech industries and modern services has narrowed the GDP gap between Shenzhen and third-ranked Guangzhou -- which has clung to the third slot for 20 straight years -- to a mere CNY12 billion in 2016.

At the same time, the gap between Tianjin and Chongqing -- ranked fifth and sixth respectively -- is also shrinking. Tianjin, a city with a relatively high proportion of heavy chemical industries, has experienced a clear slowdown in economic growth in recent years. If this trend continues, the scale of Chongqing's GDP is expected to surpass Tianjin's by this year.

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