Chengdu Tops Milken Institute’s Best-performing Cities China 2019

Authors: Go Chengdu

2019-11-14

American nonprofit and nonpartisan think tank Milken Institute released its annual ranking of best-performing cities in China in 2019.
Chengdu China’s Best-performing City
According to the report, Chengdu holds the crown at the top of the ranking in the largest cities group. This is the third time the city reputed as the "Land of Abundance" has risen to the top, and the fifth time it has been ranked in the top 10 large cities group. With an established industry base and extensive new high-tech build-up, Chengdu bears the fruit of China's successful "Western Development" Strategy the city embarked upon 20 years ago.
The ranking index for the 2019 version comprises nine indicators: one-year (2016-2017) and five year (2012-2017) growth for jobs, wages, and gross regional product (GRP) per capita; three year (2014-2017) foreign direct investment (FDI) growth; FDI/GRP ratio (2017); and the location quotient (LQ) for high value-added industry employment (2017).
Chengdu China’s Best-performing City
Located in the western part of China, Chengdu has been a manufacturing center for decades, specializing in defense-related and equipment production. Today, Chengdu is one of the top five most populous cities in China, and has expanded its economy with a diverse, innovative industry base including transportation on equipment production, biotech and life science R&D, and consumer electronics products.

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