Living in Lower Tier Cities-China-July 2019: Flourishing Lower-Tier Cities Provide Impetus to Consumption Sector
China is buoyed by robust economic growth fueled by poverty reduction and soaring prosperity in an exponential scale with cities undergoing seismic changes in the urban center of economic gravity. China's lesser known mega cities such as Hangzhou, Chengdu, and Wuhan are set to be as pivotal as Seoul and Dallas in economic terms. However, China's economic growth plunged to its lowest level in nearly three decades as the world's second largest economy feels the heat of a trade war...
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