Archive for ‘central cities’

30/01/2019

China’s rural areas surpass cities in growth of digital consumption

HANGZHOU, Jan. 29 (Xinhua) — Alibaba’s Tuesday report shows that China’s rural areas are growing faster than some first-tier cities in digital consumption.

Statistics indicate that the growth rate of digital spending on Alibaba’s e-commerce platforms in rural areas reached 23.8 percent last year, 4.5 percent higher than that in first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen.

The huge consumption potential in rural areas would be turned into a major engine of growth as a result of the digital economy, more internet access and faster logistics, said the report.

Moreover, the internet will narrow the gap between the country’s developed eastern regions and the less-developed remote areas.

The report suggests that digital consumption further drives the sales of agricultural products in rural areas as more farmers turn to live-streaming and other popular internet marketing tools to attract customers.

In 2018, state-level impoverished counties sold goods worth over 63 billion yuan (about 9.4 billion U.S. dollars) on Alibaba’s online shopping platforms, with the most popular hits being agricultural products.

Source: Xinhua

27/01/2019

Central Chinese cities pose strong growth potential: report

BEIJING, Jan. 26 (Xinhua) — Central Chinese cities hold the most promising prospects for growth and business thanks to quickening urbanization and industrial development, reported a British think tank.

Central provinces of Anhui, Henan, Hubei, Hunan and Jiangxi dominated the top performers of the latest ranking of Chinese emerging cities by British think tank Economist Intelligence Unit (EIU).

Suzhou City in eastern China’s Anhui Province came first thanks to strong gains in urbanization and metropolitan population, followed by Yueyang City in central China’s Hunan Province.

The two cities have made steady progress in developing industrial economies as the Chinese government’s plan to promote city clusters has provided policy tailwinds, the report said.

“Beyond the traditional megacities along the coast, third- and fourth-tier cities in central China are rising in economic importance and should be on the radar of China-focused businesses,” said Wang Dan, a China analyst at the EIU.

The EIU’s China Emerging City Rankings are based on a variety of indicators to measure growth, including real GDP, metropolitan population, urban consumption expenditure, foreign direct investment, fixed-asset investment, the urban built area and policy support.

Source: Xinhua

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