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Hong Kong media: Four pictures to see how Chinese cities are leading the way in economic transformat

VISITS:132TIME:2016-01-04 00:00:00


Phoenix Finance News: The South China Morning Post quoted Bloomberg as saying that in the process of bidding farewell to smog and "sweatshops", China is increasingly relying on cinemas, securities firms, restaurants, and shops to increase economic output. From the Statistical Yearbook of Urban Construction in China, we can glimpse the ways and achievements of transformation in 290 major cities across the country. In order to highlight the effectiveness of China's economic transformation, we have excluded four mega cities - Beijing, Shanghai, Tianjin, and Chongqing - which, due to their size and direct management by the central government, enjoy resources that other cities cannot match. Many indicators of these four municipalities are in a leading position. The service industry now accounts for almost half of the national economic output, and investment in the cultural, sports, and entertainment industries surged by 18.9% in 2014. The Chinese people's film and performance expenses have been growing, and the fans' pursuit of domestic films such as Pancake Man and The Tale of Catching Demons has pushed the box office revenue in July to nearly 900 million dollars. Chart: Total number of theaters and concert halls The days when Chinese cities used every piece of land to build steel mills and shoe factories have become a thing of the past. Residents in some areas have begun to enjoy street green spaces and central parks. Chart: Area of urban parks and green spaces This country is gradually aging - by 2050, there will be 39 elderly people aged 65 and above who will be responsible for supporting every 100 working age population. In many regions, medical resources are in serious shortage. Last year, fixed assets investment in health and social work grew by 27.6%. Chart: Area of urban parks and green spaces To achieve economic transformation and upgrading, cultivate innovative spirit, and avoid the middle-income trap, education is the key. One indicator suggests that some cities have already taken the lead: