Core Insights - The latest "City Charm Ranking" by the authoritative "New First-Tier Cities Research Institute" reveals the dynamic landscape of Chinese cities, with Chengdu at the top, followed by Hangzhou and Wuhan as the third new first-tier city [1][3]. Group 1: New First-Tier Cities Rankings - Chengdu ranks first among the new first-tier cities, with Hangzhou in second place and Wuhan securing the third position [1]. - Suzhou and Nanjing follow in fourth and fifth places, respectively, showcasing their competitive strengths [1]. Group 2: Competitive Strengths of Cities - Wuhan's position as the third new first-tier city highlights its role as a strategic hub in the central region, supported by its robust multi-dimensional potential [3]. - The city benefits from the "Optics Valley" tech corridor, with rapid growth in emerging industries such as integrated circuits, new displays, and biomedicine [5]. - Wuhan's status as a high-speed rail center and its expanding Tianhe International Airport enhance its global connectivity [5]. - Zhengzhou, ranked ninth, is rapidly advancing as a key player in the central plains, leveraging its "cross-shaped" high-speed rail network and expanding international logistics channels [7]. - Zhengzhou has seen significant growth in smart terminal and new energy vehicle industries, establishing itself as a new manufacturing hub in central China [7]. - Ningbo, ranked fourteenth, demonstrates a dual-driven economy through its port and manufacturing innovations, with its Zhoushan Port being the world's largest in cargo throughput [11]. Group 3: Trends in New First-Tier Cities - New first-tier cities are becoming the backbone of China's urbanization, showcasing balanced capacity, flexible innovation mechanisms, and distinct positioning [17]. - The cities are attracting high-educated youth as alternatives to traditional hubs like Beijing, Shanghai, and Guangzhou, with strategies in place to optimize population structure and innovation vitality [15]. - The competitive development among these cities is reshaping China's economic geography, with Wuhan, Zhengzhou, and Ningbo leading the charge in their respective regions [15].

Market Overview - The transaction volume in Kunming's real estate market slightly decreased last week, with an average transaction price of approximately 12,631 CNY per square meter, reflecting a 4% decrease week-on-week [1] - Total supply in the market was about 22,700 square meters, down 70% from the previous week, with 100 and 72 units supplied from two projects [1][3] - The total transaction area was approximately 58,800 square meters, showing a 1% decrease compared to the previous week [1] Project Performance - The top-performing projects included Xuhui Plaza and Botianfu, with a sales amount of about 42 million CNY and 22 units sold, achieving an average price of 14,674 CNY per square meter [3] - High-end improvement-type properties like Botian and Longhu New Hope continued to dominate sales, with average prices ranging from 18,023 CNY to 19,092 CNY per square meter [3] - Affordable housing projects such as Botian Yujiazhang and others maintained strong sales, with average prices between 9,384 CNY and 11,123 CNY per square meter [3] Land Supply and Development - No land supply or transactions occurred in Kunming's main urban area last week [4] - A new 30-class primary school is planned in the Northwest New City area, with a total investment of approximately 149 million CNY, set to start bidding in June [5][7] Infrastructure Development - The construction of the Guandu 398 Road, referred to as the "fourth vertical," is set to improve traffic conditions in the Wujia Ba area, with a total length of 2,579 meters [7][9] - The road will enhance connectivity in the area, with parts of the road already having completed foundational work, indicating a relatively low investment and short construction timeline [7][10] Auction and Hotel Status - The commercial land parcel for the招商翰林大观 project is scheduled for auction on July 2, with a starting price of approximately 67 million CNY [10][11] - The Dali Hilton Hotel recently failed to sell at auction, with an estimated value of about 1.093 billion CNY and a starting price of approximately 984 million CNY [11]

Core Insights - The 2025 "New First-Tier Cities Charm Ranking" highlights the increasing differentiation among cities in China as they transition to a consumption-driven society, with cities like Linyi and Heze showing significant improvements in their rankings [1][9] - The ranking methodology emphasizes commercial consumption over traditional economic indicators like GDP, reflecting a shift in urban competitiveness [3][4] Group 1: Ranking Overview - Linyi has returned to the second-tier city status, ranking closely behind Yantai, and has jumped 8 places from the previous year, while Heze has surged 20 places [1] - The ranking includes 15 new first-tier cities and 30 second-tier cities, with Linyi and Heze being notable examples of cities that have improved their standings significantly [2] Group 2: Evaluation Criteria - The ranking system prioritizes third-sector activities, particularly commercial consumption, over industrial output, indicating a shift towards a more service-oriented urban economy [3][4] - New metrics introduced in the ranking include factors such as the scale of live-streaming influencers, online business diversity, and nighttime economic activity, reflecting the evolving nature of urban attractiveness [4][5] Group 3: Economic Indicators - Linyi's retail sales reached 343.38 billion yuan in 2024, ranking fourth in Shandong, while its economic output is significantly lower than Yantai's, indicating untapped consumption potential [6][7] - The city has a third-sector contribution of 51.2% to its GDP, which is comparable to other industrial cities, suggesting a balanced economic structure [7][8] Group 4: Urban Development Trends - The ranking reflects a broader trend where cities with strong service sectors and vibrant consumer markets are becoming more attractive, especially to younger populations [5][8] - Linyi's logistics and transportation infrastructure has facilitated economic dynamism, with a notable increase in online retail sales driven by live-streaming commerce [8][9] Group 5: Consumption as an Economic Driver - Consumption is increasingly recognized as a primary engine for economic growth in China, with consumer spending contributing 82.5% to GDP growth in 2023 [8][9] - The shift towards a consumption-oriented economy is evident as cities adapt to new consumer preferences and market dynamics, with Linyi's rise serving as a case study [9]

Core Insights - The 2025 New First-Tier City Charm Ranking was released by the New First-Tier City Research Institute under Yicai, highlighting the stability of the top four first-tier cities: Shanghai, Beijing, Shenzhen, and Guangzhou, while listing 15 new first-tier cities including Chengdu, Hangzhou, and Chongqing [1][2]. Group 1: City Rankings - Zhengzhou ranks ninth among new first-tier cities and thirteenth nationally based on the city charm index [1]. - The ranking evaluates cities based on five primary dimensions: commercial resource aggregation, city hub status, urban activity level, new economic competitiveness, and future plasticity [1]. Group 2: Historical Context - The concept of "new first-tier" cities was first introduced by Yicai Weekly in 2013, with the initial list including cities like Chengdu, Hangzhou, and Wuhan [2]. - Zhengzhou entered the ranking in 2017 at twelfth place, achieving its best position at seventh in 2022, and has shown a consistent upward trend, moving to eighth in 2025 [2]. Group 3: Economic Performance - Zhengzhou's economy showed positive growth in April, with industrial output increasing by 8.1% year-on-year, surpassing national and provincial averages [2]. - The city's retail sales reached 50.7 billion yuan in April, reflecting a 6.7% year-on-year growth, which is 1.6 percentage points higher than the national average [2]. - High-tech manufacturing in Zhengzhou saw an increase of 11.3% in output, with specific sectors like new energy vehicles and next-generation information technology growing by 12.4% and 13.9% respectively [2].

Core Viewpoint - The competition among new first-tier cities in China reflects the deep pulse of regional economic development, with Zhengzhou ranking ninth in the 2025 New First-tier City Charm Ranking, advancing one position from the previous year and maintaining a top-ten position for eight consecutive years [2][4]. Group 1: Commercial Resource Aggregation - Zhengzhou's commercial resource aggregation is evaluated through major brand preference index, commercial core index, and commercial support maturity, showcasing its historical and ongoing commercial vitality [5]. - The city is experiencing a consumption boom driven by the opening of flagship stores from luxury brands and the establishment of new commercial areas, with 269 new brand flagship stores expected in 2024, a 67% increase from 2023 [7]. - Zhengzhou is enhancing its international consumption center city status by optimizing supply and increasing commercial resource aggregation [7]. Group 2: Urban Hub Characteristics - Zhengzhou is recognized as a dual hub for air and land logistics, with significant achievements in international mail and freight transport, and is designated as a comprehensive transportation hub city [10]. - The city boasts a "米" shaped high-speed rail network, connecting to 123 cities within a five-hour travel radius, and has seen record passenger and cargo throughput at its airport in 2024 [10][11]. - In 2024, Zhengzhou is expected to receive over 170 million domestic and international tourists, highlighting its appeal as a travel destination [11]. Group 3: Urban Activity Level - The city is fostering a vibrant leisure culture, with various entertainment options contributing to a thriving night economy, which has surpassed 200 billion yuan [15]. - In 2024, Zhengzhou's tourism revenue is projected to reach 203.98 billion yuan, with social retail sales totaling 588.46 billion yuan [15]. Group 4: New Economic Competitiveness - Zhengzhou is emerging as a hub for new economic activities, with significant growth in sectors like micro-short film production and instant delivery services, positioning itself as a leader in various industries [18][20]. - The city is also focusing on high-quality development in sectors such as electric vehicles and artificial intelligence, with the electronic information industry exceeding 800 billion yuan [20]. Group 5: Future Plasticity - Zhengzhou is enhancing its innovation capacity, with a rise in national key laboratories and research institutions, and has attracted a significant number of top talents and students [21][23]. - The city has a young demographic, with an average age of 34.7 years and a total population exceeding 13 million, contributing to its dynamic growth and appeal [23].

Core Insights - The 2025 New First-Tier City Charm Rankings were released, with Foshan re-entering the list after two years, ranking 15th among 15 new first-tier cities [1][3][4] Group 1: Ranking and Evaluation - Foshan was previously ranked as high as 12th in 2020 but fell off the list for two consecutive years before returning this year [3][4] - The ranking evaluates 337 cities based on five primary dimensions: commercial resource aggregation, urban hub characteristics, urban population activity, new economic competitiveness, and future plasticity [3][4] Group 2: Performance Metrics - Foshan scored 45.66 in commercial resource aggregation, ranking 19th; 31.91 in urban hub characteristics, also 19th; 45.4 in urban population activity, ranking 15th; 53.2 in new economic competitiveness, ranking 16th; and 45.98 in future plasticity, ranking 19th [4] Group 3: Population and Economic Growth - As of the end of 2024, Foshan's permanent population reached 9.6989 million, an increase of over 80,000 from the previous year, nearing the 10 million mark [5] - Foshan's total talent resources reached 2.45 million, with over 7,000 PhDs and more than 400 leading talents, indicating strong talent attraction [7] - The per capita disposable income in Foshan was 68,862 yuan, a 2.1% increase from the previous year, and the financial institutions' deposits reached a record 29,917.94 billion yuan [7] Group 4: Urban Development Strategy - Foshan is implementing a series of new top-level designs to enhance urban vitality, focusing on cultural tourism development and creating a new city image [8][10] - The city aims to integrate culture and tourism to boost economic growth, with plans to attract over 65 million tourists and achieve tourism revenue exceeding 70 billion yuan this year [10]

Group 1: Guangdong Private Enterprises Trade - In the first four months of this year, the import and export value of private enterprises in Guangdong reached 1.89 trillion yuan, a year-on-year increase of 5.6%, accounting for 63.9% of the province's total import and export value during the same period [1] Group 2: Hong Kong Tax Legislation - The Hong Kong Legislative Council passed the "2024 Taxation (Amendment) (Minimum Tax for Multinational Enterprises) Bill," which will implement a minimum tax rate of 15% for multinational enterprises with an effective tax rate below this threshold, expected to generate approximately 15 billion HKD in additional revenue annually starting from the 2027-2028 fiscal year [2][3] Group 3: Shenzhen Education Sector - The booking volume for "Gaokao rooms" in Shenzhen has increased by over 180% compared to the same period in 2023, placing it among the top ten cities nationwide for such bookings, reflecting heightened societal attention on the college entrance examination [4] Group 4: Foshan's City Ranking - Foshan has re-entered the "New First-tier Cities" list after two years, indicating significant improvements in urban strength, industrial development, and economic vitality, as well as its competitive position in the regional development landscape [5] Group 5: Shenzhen Stock Market Performance - The Shenzhen Component Index closed at 10,003.27 points, down 0.26% [6] Group 6: Stock Performance Highlights - Notable gainers in the Shenzhen market included Shuiyang Co., Ltd. with a 20.01% increase, and Huanlejia also up by 20.01%, while Anke Detection saw a decline of 12.97% [7]

Core Insights - The report published by the New First-tier Cities Research Institute ranks Chengdu as the top new first-tier city in China for 2025, achieving a perfect score of 100 [1] - Chengdu leads in various dimensions such as resource aggregation, urban hub characteristics, and future potential, while it ranks lower in new economic competitiveness [8] Resource Aggregation - Chengdu and Chongqing significantly outperform other new first-tier cities like Hangzhou and Wuhan in terms of commercial resource aggregation due to their unique geographical advantages [3] - The time lag for brand introduction in Chengdu is only 1.5 months compared to Shanghai, while other cities like Hangzhou and Nanjing remain within a six-month range [3] Urban Hub Characteristics - Chengdu, Xi'an, and Hangzhou form the top tier in urban hub characteristics, with Chengdu slightly ahead [4] - In 2024, Chengdu's international air hub passenger throughput is expected to exceed 87 million, ranking third nationally and among the top 20 globally [4] - Chengdu serves as a critical junction for the Yangtze River Economic Belt and the Silk Road Economic Belt, with over 5,700 China-Europe freight trains operated last year, the highest in the country [4] Urban Activity Levels - Chengdu exhibits significantly higher urban activity levels compared to other new first-tier cities, even surpassing major first-tier cities like Guangzhou and Shenzhen [5] - During the Spring Festival, Chengdu ranked first in national ticket sales for flights and car rentals, second in hotel bookings, and third in movie box office revenue [5] Future Potential - Chengdu leads in future potential among new first-tier cities, hosting 65 universities with over 2.8 million enrolled students [7] - The city is home to 16 national laboratories and major scientific facilities, with R&D expenditure intensity projected to reach 3.2% in 2024 and patent authorizations exceeding 200,000 [7] - Chengdu has 68 top-tier hospitals, the highest in Western China, and a higher number of practicing physicians per capita compared to the national average [7] New Economic Competitiveness - Chengdu's score in new economic competitiveness is 80.46, ranking seventh nationally and third among new first-tier cities, trailing behind Suzhou and Hangzhou [8] - The city has developed three major industrial clusters: electronic information, equipment manufacturing, and pharmaceutical health, with leading companies like BOE Technology Group and Huawei [8] Other Cities - Wuhan has surpassed Suzhou to rank eighth nationally due to its advantages in resource aggregation, urban hub characteristics, urban activity levels, and future potential [10] - Hefei has made the most significant progress, rising four positions, while Wuxi has seen the largest decline, dropping four positions [10]

Core Viewpoint - The article discusses the 2025 "New First-tier Cities Charm Ranking," highlighting the top cities and the criteria used for ranking, emphasizing the importance of commercial development and living conditions over GDP alone [1][3][12]. Ranking Overview - The top four cities remain Shanghai, Beijing, Shenzhen, and Guangzhou, classified as first-tier cities. The new first-tier cities ranked from 5th to 19th include Chengdu, Hangzhou, Chongqing, Wuhan, Suzhou, Xi'an, Nanjing, Changsha, Zhengzhou, Tianjin, Hefei, Qingdao, Dongguan, Ningbo, and Foshan [1]. - Wuxi has dropped to 21st place, while Foshan has risen to 15th place among new first-tier cities [1]. Criticism of the Ranking - Critics argue that the ranking does not accurately reflect economic totality (GDP) or development level (per capita GDP) [2][3]. - The debate around city rankings often involves personal biases, with individuals favoring their hometowns or chosen cities [2]. Understanding the Ranking Criteria - The ranking focuses more on the "city" aspect, particularly the central urban area, rather than the entire city including suburban areas [3][4]. - Cities with larger central urban areas tend to rank higher, as seen with Chengdu, which has a significant population in its central districts [4]. Economic and Demographic Insights - The article compares the GDP and retail sales growth of "high-ranking" and "low-ranking" cities from 2015 to 2024, noting that "high-ranking cities" generally show stronger growth in both GDP and retail sales [9][10]. - The population growth in "high-ranking cities" is significantly higher than in "low-ranking cities," indicating a trend of urban migration towards more vibrant economic centers [10][11]. Conclusion on Investment Potential - The article suggests that the "New First-tier Cities" ranking serves as a leading indicator for future economic performance, with cities that attract more residents likely to perform better in the long run [12]. - For individuals considering relocation or investment, the ranking provides valuable insights into urban dynamics and economic opportunities [12].

刚刚，第一财经新一线城市研究所发布了2025年《新一线城市魅力排行榜》，本年度分数指标排名前四的仍然是上海、北京、深圳、广州， 设定为一线城市。得分在第5名到19名之间的15个城市，即新一线城市，它们依次是：成都、杭州、重庆、武汉、苏州、西安、南京、长 沙、郑州、天津、合肥、青岛、东莞、宁波和佛山。 相较去年，无锡下滑到所有城市的第21名，排在二线城市第二。佛山由去年的第20名上升一位跻身新一线城市第15名。其他新一线上榜城市 和去年相同，成都、杭州、重庆、西安、南京、长沙和去年排名未变。 自2013年首次发布以来，新一线城市排行榜已经成为国内影响力最大的媒体发布的城市榜单。"新一线城市"的概念，也逐渐为大众熟知乃至 接受。 不过，每年榜单发布之后，网络上对榜单排名总有颇多争议。榜单的批评者往往认为，这个榜单既不反映经济总量（GDP），也不反映城市 的发达程度（人均GDP）。同时，因为成都十多年来一直稳居这一榜单新一线头名的位置，也有不少人认为这就是成都的"买榜"宣传，甚至 还有人传说第一财经是成都的媒体。（注：一财是上海媒体） 关于城市之间的竞争，在互联网上一直极具话题性。很多人参与相关讨论都是"利益相关" ...