While it comes as no great surprise that the big hitters – Hong Kong, Beijing and Taipei – win first, second and third, what is interesting to note is the dilution of wealth to China’s coastal cities. Although WealthInsight predicts Hong Kong, Beijing and Taipei to remain at the top of the city ranking, forecasts predict a slower growth in these traditional wealth hubs, and a further distribution of wealth to China’s "Tier II" cities.
This briefing discusses the rise of these smaller cities as locations for China’s growing wealthy population. WealthInsight’s unique forecasts predict their growth and development over the next 3 years.
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| Rank | City | 2007 | 2012 | 2007-2012 |
|---|---|---|---|---|
| 1 | Chongqing | 54 | 96 | 78% |
| 2 | Chengdu | 75 | 120 | 60% |
| 3 | Fuzhou | 42 | 67 | 60% |
| 4 | Wuhan | 70 | 111 | 59% |
| 5 | Hangzhou | 358 | 563 | 57% |
| 6 | Wenzhou | 70 | 109 | 56% |
| 7 | Tianjin | 103 | 155 | 50% |
| 8 | Dalian | 61 | 89 | 46% |
| 9 | Changsha | 82 | 118 | 44% |
| 10 | Guangzhou | 221 | 311 | 41% |
| 11 | Xi’an | 45 | 61 | 36% |
| 12 | Qingdao | 49 | 65 | 33% |
| 13 | Nanjing | 145 | 192 | 32% |
| 14 | Shanghai | 797 | 1028 | 29% |
| 15 | Tainan | 60 | 77 | 28% |
| 16 | Taipei | 1004 | 1255 | 25% |
| 17 | Hong Kong | 2199 | 2560 | 16% |
From 2007 to 2012, the fastest growing city was Chongqing, which during the period has been part of a major
government initiative to create an engine of growth in the west known as the "Chengdu-Chongqing Economic
Zone".
If you have any questions about this release please contact:
Oliver Williams
Senior Analyst
+44 (0) 207 406 6585
owilliams@wealthinsight.com
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