icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
31 Oct, 2021 10:56

Chinese cities climbing global ranking, study shows

Chinese cities climbing global ranking, study shows

A new report by consulting firm Kearney shows Chinese cities grew by over 3% on average this year, thanks to their quick recovery and effective pandemic control measures.

In contrast, other cities around the world saw average growth in their Global Cities Index (GCI) score of less than 1% as a result of the coronavirus crisis, while some even experienced negative growth.

“In the wake of a year of devastation and uncertainty, global cities proved their resilience. Now, as they seek to lead the global recovery, cities must define a new approach to globalism with resilience and urban well-being at the core,” said the report.

 

Also on rt.com IMF slashes Asia growth forecast, warns of ‘ravaging’ Covid spread & supply-chain disruptions

China also performed strongly in the Global Cities Outlook (GCO), rising by over 3% over the past five years, the fastest in any region. Kearney said that Chinese cities have narrowed the gap with their European and North American counterparts.

Leading global cities have demonstrated resilience and adaptability despite initially being hit hard by Covid-19 due to their high connectivity and density.

New York, London, Paris, and Tokyo retained the top four positions on the index. Los Angeles rose by two positions to fifth place. Beijing settled in sixth, followed by Hong Kong, while Shanghai rose two places to break into the top 10 for the first time.

The report covered and ranked 156 cities, including 31 in China.

For more stories on economy & finance visit RT's business section

Podcasts