Ningbo ranks 13th nationwide in economic competitiveness

chinadaily.com.cn| Updated:  November 5, 2021 L M S

Ningbo in East China's Zhejiang province was ranked 13th in China in 2021 in terms of comprehensive economic competitiveness, according to a recent report.

The report, which was released by the National Academy of Economic Strategy of Chinese Academy of Social Sciences and China Social Sciences Press, evaluated 291 cities in the nation.

The ranking for Ningbo was the same as last year, only behind Hangzhou in Zhejiang, which came in at 11th place.

The city's gross domestic product (GDP) totaled 1.03329 trillion yuan ($158.96 billion) in the first three quarters of this year, ranking 12th nationwide.

In addition, the report also ranked Ningbo 22nd in the country in terms of sustainable competitiveness, which is a slot lower than the previous year.

The sustainable competitiveness was primarily measured by a city's talent density and the amount it increased.

In 2019, Ningbo's permanent population increased by 340,000. It attracted nearly 166,000 college students to seek employment in the city in 2020, up 20.3 percent year on year.

However, the number of people with a university education in Ningbo stands at 1.6775 million, accounting for less than one fifth of the city's total population. 

Xu Haidong, a researcher at the National Academy of Economic Strategy of Chinese Academy of Social Sciences and chief editor of the report, pointed out that Ningbo is strong in both comprehensive economic competitiveness and sustainable competitiveness, suggesting that the city focus more on aspects including scientific and technological innovation, business environment and global connectivity to promote its overall development potential.