China’s Richest City Set to Pass Hong Kong GDP: Chart of the Day
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Tianjin, the city with the highest per-capita income in China, is poised to pass Hong Kong in economic output as soon as next year, following Shanghai and Beijing.
The CHART OF THE DAY tracks the gross domestic product of the four municipalities in billions of U.S. dollars starting in 2005. Shanghai overtook Hong Kong in 2009. Beijing did likewise in 2011. Tianjin’s move is based on last year’s growth rate of 11.5 percent and average estimates for Hong Kong’s GDP and the Chinese yuan in Bloomberg surveys. Ten years ago, Tianjin’s economy was about one quarter the former British colony’s size.