According to the latest data published by local statistics authorities, Beijing remains the only northern city on the list of top 10 Chinese cities by GDP in 2022, exceeding the 4-trillion-yuan threshold last year along with the first-placed city of Shanghai.
Shanghai — 23.4 million people
Shanghai is the undisputed most populous and wealthiest city in China.
Top Chinese Cities by GDP Ranking in 2020
Shanghai, Beijing, Shenzhen, and Guangzhou are the top four Chinese cities by GDP in 2020. Nanjing surpassed Tianjin for the first time, and Hangzhou surpassed Wuhan for the first time.
With a population of over 20 million, Shanghai rivals the largest cities in the world for size and prosperity, and the Shanghainese are proud of it. Shanghai is the showcase for China's economic success.
Shenzhen became China's first Special Economic Zone in 1980. This meant tax exemptions, land subsidies, and more control in operating private businesses, which led to several companies — and entrepreneurs — becoming billion-dollar rich.
And with a 22 million population, Beijing's GDP per capita has climbed to more than $28,000, which Mayor Chen Jining celebrated this month as the highest of China's cities. Shanghai's 25 million residents came in second on this measure at about $26,800.
The 11 best places for expats to live in China are Hangzhou, Shanghai, Beijing, Shenzhen, Chengdu, Xi'an, Qingdao, Kunming, Tianjin, Nanjing, and Fuzhou.
Huaxi Village is known as the "Number One Village Under The Sky". It was founded in 1961. According to the local authorities, all the villagers (but not the much more numerous migrant workers) have a wealth of at least €100,000. This is a substantial amount by Chinese standards.
Guizhou has the largest poverty population, with 2.95 million. Xinjiang has the highest poverty rate, which is 9.9 per cent. Gansu, Guizhou, Tibet and Yunnan also have a poverty rate above 7 per cent.
New York. New York City is said to be the largest city in terms of GDP. For 2023, according to the World Economic Forum, its estimated GDP is $2.5trn. Its economy is powered by the finance, media and technology industries, as well as its diverse population.
Shanghai. Widely regarded as the financial capital of China, Shanghai is home to 127,200 millionaires, 332 centi-millionaires, and 40 billionaires. The Shanghai Stock Exchange is the third-largest stock market in the world by market cap (after the NYSE and the Nasdaq).
Shanghai, China's biggest city and a global financial hub, has topped the list of the world's most expensive cities to live for the rich people.
IN 2019, A COLD, sleepy mining town called Hegang went viral for having the lowest house prices of any big city in China. Blog posts boasted of sizeable apartments costing as little as 46,000 yuan ($6,700).
The “Peaceful City”, Pingcheng, located in the area of modern day Datong in Shanxi province, became the second capital of the Northern Wei in 398 CE. It would serve as the capital for one of the major powers of East Asia for almost a century.
The amount of ultra-rich people in Shenzhen jumped by 98% between 2012 and 2022, while Guangzhou noted an 86% increase. Alongside China, the U.S. dominates the top 10 with three cities. In the case of the U.S., however, all three cities are also in the top five.
The three wealthiest regions are the Yangtze River Delta in East China; the Pearl River Delta in South China; and Jingjinji region in North China.
New York is the world's most popular place for the super rich to own a property, according to a new report by data firm Altrata. A total of 21,714 ultra-high-net-worth (UHNW) individuals — those worth over $30 million — own either a primary or secondary residence in the city, the study found.
Fashion has long been fundamental to Chengdu, and vice versa. In the imperial era, with its location at the starting point of the Southern Silk Road, it was highly prized for its intricate Sichuan embroidery, and earned the nickname Brocade City, for the volume it produced.
Lujiazui. The Lujiazui Financial and Trade Zone can be found on the east side of the Huangpu River and is Shanghai's most impressive financial and commercial area.
China's most expensive house has a lot going for it… Costing a cool $154 million (1 billion Chinese yuan), the castle sits on a private island on China's biggest lake – the Dushu in Suzhou – and has 32 bedrooms and bathrooms.