🇨🇳 China Major Cities Economic Monitor

GDP · Fiscal · Population · Inflation · Manufacturing · Retail — Beijing · Shanghai · Guangzhou · Shenzhen · Chengdu

Last updated: September 2026 | Data: NBS, City Statistical Bulletins, Trading Economics, Macrotrends

National Overview 2025–2026

China GDP (2024)
134.9 万亿 CNY
▲ 5.0% YoY
CPI Inflation (2025)
+0.06%
Deflation risk — lowest since 2000s
Manufacturing PMI (Aug 2026)
50.4%
Above 50.0 — expansion territory
Total Retail Sales (2024)
48.79 万亿 CNY
▲ 3.5% YoY — Online: 15.52 万亿
Live Streaming Commerce (2024)
5.8 万亿 CNY
▲ 17.7% YoY
Q1 2026 GDP Growth (National)
5.4%
Broad-based surge across top 10 cities

City-by-City Indicators 2024

🏙️ Shanghai #1 National GDP
Population (2024)2,489 万
Population density3,926/km²
GDP49,599 亿 CNY
GDP growth+5.0%
Retail Sales17,940 亿 CNY
General Budget Revenue7,650 亿
Tax revenue share88.2%
FDI (2024)189.2 亿 USD
Per capita GDP199,200 CNY
Key sectorsFinance, Trade, Mfg
🏛️ Beijing #3 National GDP
Population (2024)2,189 万
Population density1,334/km²
GDP47,120 亿 CNY
GDP growth+5.2%
General Budget Revenue5,084 亿
Tax revenue share85.8%
Budget expenditure6,700 亿
Deficit1,616 亿
Key sectorsServices, Tech, HQ
🌆 Shenzhen #4 National GDP
Population (2024)1,756 万
Population density8,780/km²
Urbanization rate99.7%
GDP34,607 亿 CNY
GDP growth+5.0%
General Budget Revenue2,900 亿
Tax revenue share86.5%
Per capita GDP193,100 CNY
Key sectorsTech, Mfg, Finance
🛕 Guangzhou #6 National GDP
Population (2024)1,883 万
Population density2,533/km²
GDP30,449 亿 CNY
GDP growth+2.8%
Q1 2026 GDP growth+6.0%
Retail sales growth (Q1)+6.6%
General Budget Revenue3,057 亿
Per capita GDP160,900 CNY
Key sectorsTrade, Auto, Services
🐼 Chengdu #10 National GDP
Population (2024)2,140 万
Pop. growth (5yr)+30%
GDP22,938 亿 CNY
GDP growth+5.3%
Retail Sales1,0000+ 亿 CNY
Property prices↑ fastest major city
Per capita GDP107,100 CNY
Key sectorsIT, Electronics, Trade

📊 Non-Financial Statistics

👥 Population & Demographics

Shanghai2,489 万 — most populous
Beijing2,189 万 — growth controlled
Chengdu2,140 万 — +30% in 5 years
Guangzhou1,883 万 — 3M growth room in plan
Shenzhen1,756 万 — +200K in 2024
Urbanization rate (Shenzhen)99.7%

📉 Inflation & Prices (CPI)

China CPI 2024+0.22%
China CPI 2025+0.06% — near zero
China CPI Aug 2026+0.8% YoY
Pork price (Dec 2025)-14.6% YoY
Vehicle price index-3.6% YoY
Services inflation+1.2% YoY

🏭 Manufacturing PMI

Feb 202649.0% — contraction
Aug 202650.4% — expansion
Production index52.8%
New orders50.2%
Export orders48.6%
NEV production (Q1 2026)+36.1% (Guangzhou)
Industrial robots (Q1)+74.2% (Shenzhen)

🛒 Retail & Consumption

China retail total 202448.79 万亿 CNY
Online retail 202415.52 万亿 CNY
Online share26.8%
Live streaming 20245.8 万亿 CNY
Live streaming growth+17.7% YoY
Shanghai retail17,940 亿 CNY
Guangzhou retail growth Q1+6.6%

📱 Digital Economy

Physical goods online13.08 万亿 CNY
Largest online market12 consecutive years
Wholesale & retail GDP share10.2%
Mental resilience products+22.3% (2025)
3D printing equipment (Q1)+71.8% (Shenzhen)
Lithium-ion batteries (Q1)+25.9% (Shenzhen)

🏗️ Emerging Industries (Q1 2026)

Wind turbines (Beijing)+140%
Service robots (Beijing)+92.3%
Integrated circuits (Beijing)+11.7%
Smart TVs (Chengdu)+97.4%
Lithium batteries (Chengdu)+109.8%
Low-altitude economyGuangzhou hub
Autonomous drivingGuangzhou hub

📈 Visual Analytics

GDP Growth Rate (YoY %)

General Budget Revenue (亿元)

Tax Revenue Share (%)

Per Capita GDP (万元 CNY)

📊 Non-Financial Charts

Population by City (万人)

China CPI Inflation (Annual %)

Retail Sales Comparison (2024, 亿元)

Manufacturing PMI Trend

Beijing Fiscal Deep Dive 2020–2024

YearTotal RevenueTax Rev.Non-TaxTax ShareGDPExpenditureDeficit
20203,6042,97063482.4%36,1035,7332,129
20214,0763,48059685.4%40,2706,1002,024
20224,4143,78063485.6%42,7396,3001,886
20234,8164,14067686.0%43,7616,5001,684
20245,0844,36072485.8%47,1206,7001,616