![]() GettyĪnd so by 2011, China’s urbanization began to slow down. The only American city that beats it is New York City, ranked the No. China’s urban population now stands at around 830 million.Ĭity governments pursued rapid expansion and an increased population and economic output to build up its urban areas over the last 20 years. It led to a global commodities super-cycle that lasted until around 2008, crashing and never really recovering after the Great Recession here in the U.S.ĭowntown Hong Kong. Their urbanization rate rose from 18% in 1978 to 60% in 2018. Over the past 40 years, China’s cities have gone from traditional dynastic structures built around courtyards to modern, glass and steel skyscrapers symbolic of modern-day capitalism. Its startup community counts many Europeans and Canadian-born Chinese who are looking for opportunities in China's burgeoning tech market.Ĭhengdu is ranked No. Chengdu, located in central China, has become one example of this. Initiatives that foster opportunities in higher education and support startup ecosystems help attract newcomers and enable cities to keep the talent they have. “A scarcity of talent has led to fierce competition among Chinese cities,” says Wang. ![]() Kearney’s diversity points by importing foreign tech workers in a manner similar to the H-1B visa program in the United States. GettyĪlthough the report does not reference China’s Greater Bay Area project, a high-tech development zone linking Hong Kong to mainland cities in the southeastern part of the mainland, Beijing could score A.T. Kearney's Global Cities Index, ahead of Boston and San Francisco. Tall buildings of Shanghai's Lujiazui financial district rise above a morning fog.
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