Wuhan ranks 43rd in global urban economic competitiveness

On November 12, the Chinese Academy of Social Sciences (CASS) and UN Habitat jointly released the report on global urban competitiveness 2019-2020: the 300 year transformation of the world into a city. Among the 1006 cities with a population of more than 500000 in the world, Wuhan ranks 43rd in the world and 8th in China, and is rated as the "international gateway city".


This report evaluates urban development from the aspects of global urban economic competitiveness, sustainable development competitiveness and urban rating.


To judge whether a city's economic competitiveness is strong or not, economic density and economic increment are appropriate indicators to measure the efficiency, level, scale and growth rate of value creation. Therefore, the report selects 1006 cities with a population of more than 500000 as samples, comprehensively measures the indicator of urban economic competitiveness, and evaluates the performance of global urban economic competitiveness. According to the report, Wuhan ranks 43rd in the world and 8th in China after Shenzhen, Shanghai, Hong Kong, Beijing, Guangzhou, Suzhou and Nanjing.


Urban sustainable competitiveness is to measure the scale, level and growth of residents' welfare. According to the report, although there is still some gap between Chinese cities and western developed countries in terms of sustainable competitiveness, the sustainable competitiveness of Chinese cities has been steadily improved in recent years, with Wuhan ranking 122 in the world and China 15.


For the first time, the report launched the "new global city classification standard" and classified 1006 cities accordingly. According to the report, these cities are divided into five grades: Global City (a), international hub city (b), international gateway city (c), regional hub city (d) and regional portal city (E). Wuhan was rated as grade C in the report, i.e. "international gateway city".


As for Wuhan's global urban competitiveness, ye Xueping, director of the Institute of economics, Hubei Academy of Social Sciences, said that by holding the military games, Wuhan has made great progress in all aspects of the city and strengthened its international competitiveness. It is suggested that Wuhan expand and improve the results of the military games, take the opportunity to speed up the construction of national central cities and new first tier cities, and enhance the sustainable competitiveness of cities. 

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