Top 10 cities with strongest spending power
The latest report by 21st Century Business Herald has revealed China's two international metropolis Shanghai and Beijing have played a leading role in the country's consumption upgrading.
According to the report, Shanghai has become the city with the strongest spending power, reporting 567 billion yuan ($85 billion) of retail sales in the first half (H1) of 2017, the highest amount of all cities. It also stated Shanghai outpaced Beijing in retail sales of consumer goods for the very first time.
The top 10 cities with the strongest spending power are listed below:
No 10 Hangzhou
H1 retail sales: 267 billion yuan
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| Tourists visit the West Lake in Hangzhou, Zhejiang province, on June 13, 2017. [Photo/VCG] |
No 9 Nanjing
H1 retail sales: 272.8 billion yuan
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| Crimson clouds appear in the western skies of Nanjing, Jiangsu province, on July 7, 2017. [Photo/VCG] |
No 8 Shenzhen
H1 retail sales: 277.4 billion yuan
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| Taiji lovers perform in celebration of the National Fitness Day at a square in downtown Shenzhen on May 5, 2017. [Photo/VCG] |
No 7 Tianjin
H1 retail sales: 285.1 billion yuan
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| Tourists watch performances at the Tianjin Binhai Aircraft Carrier Theme Park in Tianjin on April 2, 2017. [Photo/VCG] |
No 6 Wuhan
H1 retail sales: 290.8 billion yuan
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| Residents swim in the river as the water level of the Hankou section of the Yangtze River recedes. [Photo/VCG] |
No 5 Chengdu
H1 retail sales: 311.9 billion yuan
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| Tourists visit a hotpot restaurant in Chengdu, Sichuan province, on May 23, 2017. [Photo/VCG] |
No 4 Chongqing
H1 retail sales: 391.4 billion yuan
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| A night view of Chongqing on April 19, 2017. [Photo/VCG] |
No 3 Guangzhou
H1 retail sales: 457.2 billion yuan
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| Visitors take a ride on the Canton Tower in Guangzhou, Guangdong province, on Oct 15, 2016. [Photo/VCG] |
No 2 Beijing
H1 retail sales: 525.7 billion yuan
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| Customers line up before a Quanjude roast duck restaurant in Beijing on Jan 31, 2017. [Photo/VCG] |
No 1 Shanghai
H1 retail sales: 567 billion yuan
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| A tourist takes a photo on the Bund in Shanghai on July 15, 2017. [Photo/VCG] |
