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The Milken Institute,
an independent economic think tank in the U.S., has released its first report
ranking Chinese cities on their economic performance.
A total of 266 Chinese
cities at prefecture level and above we studied, divided into two groups, one
consisting of 34 first-and-second-tier cities and a second echelon of
small-and-medium-sized ones, including 232 third-tier cities.
Chengdu of Sichuan
Province took top place in the large city group, with outstanding performance
in human capital, central government support, industries in the aerospace and
aircraft design, and electronics manufacturing sector.
Shanghai was second,
followed by Beijing's neighbor Tianjin. Beijing, however, only was ranked 13th.
The rankings are based
on actual economic performance, rather than projected success. The index
considers job and income growth, gross regional product (GRP), and foreign
direct investment (FDI), as well as the strength of high value-added industries
in each city.
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