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Jiangsu Province

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On 28 February, the Social Sciences Academic Press released a report entitled the Blue Book Economic Report: China’s Provincial Integrated Competitive Economic Development for 2008-2009. This report is used to evaluate the relative competitiveness of China’s 31 provinces and major cities, and is based on a wide variety of information. The report found that for the first time in modern Chinese history, Jiangsu Province’s economy has outgrown that of Guangdong.

Not surprisingly, the top economic regions in China are still Shanghai and Beijing, since both cities are large enough to be given provincial status. However, right after them on the list is Jiangsu and then Guangdong. This may be unexpected due to the relatively longer time which Guangdong has been open for foreign investment and development. Rounding out the top ten most competitive economies in China are Zhejiang, Tianjin City, Shandong, Liaoning, Fujian and Inner Mongolia.

In the Blue Book report provinces including Jiangsu and Jilin gained places, and therefore some provinces dropped relative to others. The largest drop was Shaanxi, which fell four places and is now ranked as 20th economically.

The actual rank of provinces was calculated according to nine guidelines: macro economics, production, sustainable development, public finances, the knowledge economy, the environment, the government’s role, the overall development level, and the level of coordination. Information about the factors which were used to calculate these guidelines was not readily available online.

With Jiangsu now officially China’s third largest economic region, what does this mean for the development of Nanjing? You are welcome to leave your thoughts below.

Nanjing News Sources

Content for this article was provided by xw.longhoo.net, and the original article can be found here. The picture was sourced from www.globaltimes.cn, and the original can be found here.

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