Core Viewpoint - The concept of the "trillion-yuan club" is gaining attention as cities like Wenzhou are expected to surpass the 1 trillion yuan GDP mark, with others like Xuzhou and Dalian likely to follow soon [3] Group 1: Economic Growth and the "Trillion-Yuan Club" - The "trillion-yuan club" was first established around 2012 when Shenzhen's GDP reached 1.1 trillion yuan, becoming the fourth city to cross this threshold after Beijing, Shanghai, and Guangzhou [3] - The expansion of the "trillion-yuan club" reflects the continuous growth of China's overall economy and indicates significant changes in regional economic structures [5] - As of now, nearly 30 cities are part of this club, with discussions emerging about "three trillion" and "five trillion" cities [5] Group 2: Changing Dynamics of Economic Growth - The growth associated with "trillion-yuan cities" has evolved, especially as China's GDP growth rate has slowed from 9.2% in 2011 to an expected 5% in 2024, leading to more cities experiencing negative growth or growth significantly below the national average [5][6] - Many cities with shrinking populations still see GDP growth, which is linked to a long-standing "growthism" approach by local governments that prioritize economic expansion over public service optimization [6] - The notion of "shrinking cities" is often avoided by local governments, despite the reality that some cities are experiencing population decline while still increasing their GDP [6]
万亿城市在扩容,收缩城市也在扩容
Sou Hu Cai Jing·2026-01-09 02:36