US, WASHINGTON (ORDO NEWS) — The COVID-19 pandemic has dealt a severe blow to the global economy. The first country to experience the effects of the new disease was China. However, the economy is slowly improving and China is returning back to normal, just with much safer safety precautions. If you’re a business looking to outsource your manufacturing then don’t let COVID-19 put you off China. It is still the go-to country for most businesses and you can take a look at this guide to learn more. China is still a good option for your business and as you can see from this article, major cities are recovering well. The presented ranking contains ten Chinese cities that have demonstrated the best dynamics of economic recovery.
In tenth place, the urban district in Hunan Province of China – the city of Changsha. Changsha is a large industrial center of southern China. Changsha is one of the 20 most economically developed cities in the country. The city attracts a huge amount of foreign investment. The recovery index is 48.6.
Suzhou, the urban district in Jiangsu Province, is in ninth place. Suzhou is a major center of the silk industry and various handicraft industries. In the city there are enterprises of the chemical, paper, cotton, food industries. Recovery Index – 48.9
Hangzhou, the city of the sub-provincial level of the People’s Republic of China, the capital of Zhejiang Province, takes the eighth place. Recovery Index – 49.4
In seventh place is the city of Wuxi, an urban district in the Chinese province of Jiangsu, located in the lower Yangtze River. The basis of the Wuxi economy is machine-building, textile, electronics, instrument-making, metallurgy, light industry, pharmaceuticals and building materials manufacturing enterprises. Recovery Index – 51.8
Foshan, an urban district in the center of the Chinese province of Guangdong, took sixth place. Foshan is an ancient trading city, long since famous for its china factories and silk spinning.
Tourists in Foshan are attracted by the picturesque peaks, caves and waterfalls of the southern part of the city, an 800-year-old temple with a collection of rare sculptures and a porcelain kiln, which supposedly has been operating since the Tang Dynasty. Recovery Index 52.6
Chengdu, the city of sub-provincial significance in southwestern China, closes the top five. Chengdu is a major center of economics, trade, finance, science and technology, and also an important center of transport and communications. Recovery Index – 54.
Fourth place is occupied by Ningbo – a city of sub-provincial significance, located in the northeast of Zhejiang province. A large number of industrial enterprises are located on the territory of Ningbo, and active construction of modern office buildings, hotels and shopping centers is ongoing in the Ningbo urban area. Recovery Index – 56.6
Third place is occupied by the city of Nanjing – the former capital of China, a port in the lower reaches of the Yangtze River, the seat of the authorities of Jiangsu Province. Nanjing is a large industrial and cultural center. The city has developed industries such as machine tool building, turbine building, the production of electric radio equipment, trucks, metallurgy, the chemical industry and others. Recovery Index – 58.5
Qingdao is a city of sub-provincial significance in China in the east of Shandong province, on the shores of the Yellow Sea. Here are representative offices of banks, production facilities of many large companies and representative offices of many international companies. Recovery Index – 59.1
Guangzhou, the city of sub-provincial significance, the capital of Guangdong, the political, economic, scientific, technical, educational, cultural and transport center of all of southern China, became the leader in economic recovery. Guangzhou, with a population of over 14 million, is China’s third largest city, second to Shanghai and Beijing. Recovery Index – 63.9
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