'Polarization of driving forces' becomes a big trend for China's urban development
The spatial structure of China's economic growth is undergoing profound changes, with urban development showing obvious signs of "concentration" and "divergence."
Top 30 Cities with Most Fortune 500 Chinese Companies
In 1989, China had only three companies listed among the Fortune Global 500. In 2018, the number of Chinese companies on the list reached 105, second only to the 126 of the U.S. In particular, three Chinese companies took spots in the top 10.
Chinese companies on the Fortune Global 500 list are located in 28 cities, while 66.7% are concentrated in Beijing, Shanghai and Shenzhen. Compared with ordinary main-board listed companies, Fortune Global 500 Chinese Companies are more concentrated in the national core cities.
An analysis of the top 30 cities with most main board listed companies and top 30 with most Fortune Global 500 Chinese companies shows that the headquarters of the most outstanding Chinese companies, which serve as the central management in the economy, are highly concentrated in core cities represented by Beijing, Shanghai and Shenzhen.
Top 30 Cities by Manufacturing Radiation
As to the manufacturing radiation, Shenzhen, Shanghai and Dongguan are followed by Suzhou, Foshan, Guangzhou, Ningbo, Tianjin, Hangzhou and Xiamen to round up the top 10. The 10 cities, all with easy access to large container ports, account for 48.2% of the country's total exports of goods. The top 30 cities make up 74.9% of the total. In other words, top 10% of the 298 cities contributed to three quarters of the country's goods exports.
Top 30 Cities by IT Industry Radiation
When it comes to the IT industry radiation, the cities occupying the top 10 places are Beijing, Shanghai, Shenzhen, Chengdu, Hangzhou, Nanjing, Guangzhou, Fuzhou, Jinan and Xi'an. The 10 cities account for 52.8%, 76.1%, 60% and 81% of the country's total jobs created by IT industry, IT companies listed on the main board, small and medium-sized enterprises board and growth enterprises market board. The top 30 cities make up 68%, 94%, 78.2% and 91.2% in the above four categories. It is obvious that China’s IT industry is highly concentrated in the leading cities of the ranking.
Most Chinese cities are developing IT as a key industry. However, China's IT industry, as a matter of fact, is highly concentrated in such cities as Beijing, Shanghai, Shenzhen, Chengdu, Hangzhou, Nanjing and Guangzhou. Compared with manufacturing, IT is far more concentrated and converged in certain cities. In this sense, the cities seeking to develop the IT industry need to carefully study and analyze the necessary requirements.
