Guangzhou set to be first ‘developed’ city in China – Shanghaist
Chinese media reported yesterday that Guangzhou is set to become the first city in China to be recognised as ‘developed’ under World Bank standards, which define developed cities as those with a per capita GDP of over US$10,000.
The capital of the Guangdong province, which has long been China’s experimental playground for reform and opening up, is closely followed by Shanghai and Shenzhen which recorded per capita GDP’s of US$7,600 and US$7,300 respectively in the year 2005 (2006 figures not available yet). Beijing trails behind a distant fourth at US$5,457….[Full Text]