To give an example of this, the country is home to some of the wealthiest cities in the world, such as Shanghai, which records a population equal to that of Australia at about 24 million people, and a GDP that rivals the Philippines at US$469 billion.Ĭhina is also home to much smaller, lesser-known cities like Gannan in the north-central province of Gansu, with a population of 710,000 whose GDP recorded in 2016 was US$2 billion. In reality, the Chinese market is of enormous size, scale, and diversity.
China Briefing explores the criteria defining the respective city-tiers and their utility to determine whether the system is an effective and relevant tool for investors.Ī common mistake made by foreign investors entering China is to approach the country as a single, unified market. China’s city-tier classification is popularly used by businesses to guide their market entry strategy.
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