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China Best-Performing Cities Ranked: Chengdu Overtakes Shenzhen

  • Sichuan capital first in Milken Institue’s annual index
  • Beijing, Lanzhou and Zhengzhou round out top five cities
Chengdu, China.

Chengdu, China.

Photographer: Qilai Shen/Bloomberg

Chengdu, the capital of China’s southwestern province Sichuan, overtook technology hub Shenzhen to top the Milken Institute’s 2019 index of the nation’s best-performing cities.

This is the third time that Chengdu, best known internationally for its pandas, has been ranked first since the list began in 2015. The index incorporated nine indicators for the period up to 2017, including employment and wage growth, the growth in gross regional product per-capita, and foreign direct investment. Chengdu’s five-year job growth was the highest among the first and second tier cities at almost 180%.