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在线翻译:
szdaily -> Business
Chengdu retakes top spot as best-performing big city
    2017-September-12  08:53    Shenzhen Daily

CHENGDU, the capital of southwestern China’s Sichuan Province, reclaimed the top spot in a Milken Institute ranking of the country’s best-performing big cities.

Nearby Chongqing climbed to second place, while Guiyang, the capital of China’s poor-but-fast-growing Guizhou Province, fell to third from first, according to a report released yesterday by the Santa Monica, California-based think tank founded by Michael Milken.

Chengdu and Chongqing are among the cities benefiting from the Central Government-led policy push since the early 2000s to steer greater investment to interior regions, according to the analysis. Both have varied and high-value-added industries, high-quality labor markets, and lower costs than megacities such as Beijing and Shanghai, it said.

“The top-ranked cities are responding robustly to the Central Government’s directives,” Perry Wong, managing director of research at Milken, said in the report. “The Belt and Road initiative, together with the creation of regional economic clusters, demonstrate the Central Government’s determination to improve the growth prospects of Chinese inland cities.”

Chengdu, a manufacturing hub for companies like Intel Corp., also ranked first in 2015.

When Guiyang edged out financial capital Shanghai as the top performer last year, Milken also cited the benefits it received from a Central Government push to connect coastal and inland regions, along with infrastructure investment related to President Xi Jinping’s initiative to revive China’s ancient trade links to Asia and Europe.

The rankings of 34 first and second-tier cities and 226 third-tier cities track urban economic and development trends in China with nine variables, including job growth, pay gains, per capita growth, foreign direct investment, and the locations of high value-added industry. This year’s index reflects the impact of regional economic clusters, such as how Chengdu, Chongqing and Guiyang are aligned with China’s Belt and Road route.

Nantong, in coastal Jiangsu Province, catapulted to first place among smaller cities due to rapid job and wage growth over five years. (SD-Agencies)

 

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