Date
18 October 2017
Construction cranes rise above a financial district in Tianjin. The city has the highest per capita GDP in China at US$16,085. Photo: Reuters
Construction cranes rise above a financial district in Tianjin. The city has the highest per capita GDP in China at US$16,085. Photo: Reuters

Six China regions post per capita GDP above global average

Per capita GDP in six Chinese regions surpassed the world average last year, the Economic Information Daily reported on Thursday.

These include Beijing, Tianjin, Zhejiang, Shanghai, Jiangsu and the Inner Mongolia Autonomous Region, the report said.

Of the six, Tianjin ranks the highest with a per capita GDP of US$16,085, equivalent to that of Lithuania, which ranks 44th globally. Beijing’s per capita GDP was US$15,052, close to that of Seychelles, ranked 48th.

Shanghai posted a per capita GDP of US$14,551, in line with that of Russia, which was No. 49. The level of Jiangsu province, at US$12,049, is close to that of Gabon, ranking 57th.

However, the per capita GDP of 17 municipalities, provinces and regions, including Shanxi, Hainan, Hunan, Hebei and Heilongjiang, fell below the world average.

While pursuing rapid economic growth, China will focus on the quality and sustainability of development in the coming years, according to the newspaper.

The country’s top policymakers have laid out an ambitious target to double the GDP and residents’ income from the 2010 level within a decade. This means China has to maintain an annual growth rate of 6.73 percent between 2014 and 2020, the report said.

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