Urban power shifts east as Asian cities’ economies burgeon

Posted by Oxford Economics on Dec 22, 2017 9:28:20 AM

China’s cities’ GDP to double, and will outstrip Europe’s and North America’s by 2035. But New York, Tokyo, London and LA to stay as world’s urban superpowers as Shanghai closes in.

The world is ever more urban. The top 780 global cities already produce almost 60 per cent of all world economic activity, and they are set grow in importance as urbanisation continues.

By 2035, these cities will be home to almost half a billion additional people with their GDP rising by $32 trillion (constant 2015 prices and exchange rates).

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Topics: Asia, Cities, Urbanisation, Urban development, Economic development

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