Two more cities break 1 trln yuan GDP, bringing total to 12

Updated 2017-02-24 13:37:25 Ecns.cn

(ECNS) -- The number of Chinese cities with GDPs exceeding the 1-trillion-yuan (6 billion) mark has increased to 12 since Nanjing and Qingdao released their economic data for 2016, the overseas edition of the People's Daily reported.

Nanjing, capital of East China's Jiangsu Province, announced that its GDP in 2016 increased eight percent year-on-year to 1.05 trillion yuan. Qingdao, in Shandong Province, made parallel growth to 1.01 trillion yuan.

The other 10 cities on the list are Shanghai, Beijing, Guangzhou, Shenzhen, Chongqing, Suzhou, Tianjin, Wuhan, Chengdu and Hangzhou.

The GDPs of Shanghai and Beijing reached 2 trillion yuan in the years of 2012 and 2014 respectively.

Chongqing, in the southwest, reported a 10.7 percent year-on-year economic growth last year, leading other cities. Hangzhou, in East China's Zhejiang province, reported a 9.5 percent growth, while Shenzhen, in Guangdong, reported a nine percent growth last year, ranking in second and third places respectively.

Changsha, in Central China's Hunan province and Wuxi, in Jiangsu province, also reported fast economic growth, about nine percent and eight percent respectively. The two cities' GDPs exceeded 900 billion yuan last year. Analysts said their GDPs will reach 1 trillion yuan soon.

A city's positioning of its role is one of the key factors that can affect development and economic structure, analysts say.

The State Council, China's cabinet, approved a program to develop an ocean-based economy on the Shandong peninsula, which began in 2011 and has made Qingdao an important international port city.

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