FX.co ★ Top 10 Chinese cities with best recovery rates

Guangzhou (recovery index - 63.9)

Experts consider Guangzhou, the capital city of China’s Guangdong province, to be the engine of economic recovery. This city is the political, economic, scientific, technical, educational, cultural, and transport center of South China. Guangdong’s population is over 14 million people. The metropolis is the third largest city in the People's Republic of China after Shanghai and Beijing.

Qingdao (recovery index - 59.1)

Qingdao takes second place in this ranking. This is a city in the east of Shandong province which stands on the coast of the Yellow Sea. Many large banks and international firms have their representative offices in this megalopolis. Qingdao's economy is represented by the production capacities of a number of organizations.

Nanjing (recovery index - 58.5)

Nanjing is the third city that is quickly recovering from the COVID-19 pandemic. The city is a major port that stands on the lower Yangtze River. Nanjing is the former capital of China. The metropolis is recognized as the leading industrial and cultural center in the country. Nanjing’s main sectors are metallurgy, machine tool and turbine construction, the production of electric and radio equipment, the chemical industry, etc.

Ningbo (recovery index - 56.6)

The fourth on the list is Ningbo, a city in the northeast of Zhejiang. A huge number of industrial enterprises are concentrated on the territory of the megapolis. In addition, active construction of office buildings, hotels, and shopping centers takes place in Ningbo.

Chengdu (recovery index - 54)

Chengdu, a small city in Southwest China, closes the top five of cities with speedy economic recovery. According to experts, Chengdu is one of the economic, trade, financial, scientific, and technology centers in China. At the same time, Chengdu is China’s important transportation hub.

Foshan (recovery index - 52.6)

Foshan takes the sixth place on the list. The city is an urban district in Guangdong province. Foshan has long been considered the center of crafts. Moreover, the city is famous for its china factories and silk mills. Foshan is a popular tourist destination thanks to the picturesque caves and waterfalls, as well as the 800-year-old temple with its unique sculptures.

Wuxi (recovery index - 51.8)

Wuxi is the seventh among chinese cities that are recovering fast after the coronavirus pandemic. The city is an urban district in the Chinese province of Jiangsu that stands on the lower Yangtze River. The city’s economy is based on such industries as engineering, instrument manufacture, metallurgy, textile, pharmaceuticals, construction materials, etc.

Hangzhou (recovery index - 49.4)

Hangzhou is the eighth among the cities that are best recovering from the COVID-19 pandemic. This is the capital city of China’s Zhejiang province and is one of the leading economic and financial centers in the country.

Suzhou (recovery index - 48.9)

The ninth place in this ranking goes to Suzhou, an urban district in Jiangsu province. Suzhou is a major center of the silk industry and a number of main production facilities, including chemical, paper, food, and textile.

Changsha (recovery index - 48.6)

Changsha, an urban district in Hunan province, closes the top ten of Chinese cities with the most efficient economic growth. This is a major industrial center in South China and one of the top 20 most economically developed cities in the country. Thanks to this status, Changsha attracts a large number of foreign investors.