Mega economy

Guangdong, Hong Kong's hinterland, remains China's most economically open province, but Shanghai-Jiangsu 'mega-province' is on the way to becoming Asia's third largest economy by 2017, behind only Japan and India (China excluded).

by Global Insight China Regional Service
Last Updated: 23 Jul 2013

With 2005 GDP of $335bn, Shanghai-Jiangsu is already the sixth largest economy in Asia and the 22nd largest in the world.

This year it will leapfrog Taiwan, Belgium, Switzerland and Sweden, and by 2025 is expected to be the ninth largest economy in the world, followed closely by fellow coastal provinces of Guangdong and Beijing-Tianjin-Hebei. C

hina established these special economic zones in the 1980s. The economic disparity between these regions and the rest of China remains sharp: 80% of the coastal regions' GDP comes from merchandise trade, while China's other regions have an overall trade-to-GDP ratio of just 10%.

China's Shanghai-Jiangsu Mega-Province will be Asia's third largest
economy by 2017
Global Insight China Regional Service, 3 May 2006.

Reviewed by Steve Lodge.

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