The second Global Cities Investment Promotion Conference was held by the Global Times on Monday in Haikou, south China s Hainan Province, after the Regional Comprehensive Economic Partnership (RCEP) came into force in the new year.
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With China s gross domestic product having crossed the 100 trillion yuan ($15.46 trillion) threshold in 2020, more cities have made their own substantial strides in economic output.
Despite the COVID-19 pandemic, China added six new cities with GDPs of over 1 trillion yuan last year, taking the total number of such cities in the country to 23.
The trillion-yuan benchmark is often perceived as a notion of economic prowess. Shanghai was the first city in China to hit the mark in 2006.
The cities achievements highlighted the resilience and sustainable vitality of the Chinese economy, and spearhead the country s high-quality development for the 14th Five-Year Plan (2021-25) period, according to experts.
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