Wuxi, Changsha join trillion-yuan GDP club
The number of Chinese cities with a GDP of more than 1 trillion yuan ($154 billion) has increased to 14, with the addition of Changsha in Central China's Hunan province and Wuxi in East China's Jiangsu province.
On Jan 7, Wuxi Mayor Wang Quan announced in a local government work report that the GDP of the city was expected to reach 1.05 trillion yuan in 2017, up by 7.4 percent. The mayor noted that it marked a historical breakthrough in Wuxi's development and enhanced the city's comprehensive strength.
Changsha also confirmed that its GDP surpassed the trillion yuan mark in 2017, with a growth of 9.0 percent.
Before the addition of Wuxi and Changsha, China had a total of 12 cities with a GDP of more than 1 trillion yuan. Shanghai was the first city to join the club. And three of the 14 cities have achieved GPDs of 2 trillion: Shanghai, Beijing, and Shenzhen.
All of the 14 cities have a strong economic radiance, and their GDP value accounts for 29.4 percent of the national total.
Foshan in South China's Guangdong province secured a 95-million-yuan GDP in 2017. It is expected to be the 15th city to join the trillion yuan club.
Source: People's Daily Online