Fire fighting at night and flying during the day, Du Jiang relies on three movies to dominate the screen 2019

“Fire fighting at night and flying during the day”, Du Jiang relies on three movies to dominate the screen 2019
The actor Du Jiang was first familiar to the audience, and was still the “big-eyed cute dad” in the parent-child show. When his two roommates Chen He and Zheng Kai had long been a household name of Dongfeng, who was a household name, his parallel words remained”Huo Siyan’s husband” “Hum hum dad”.But Du Jiang showed no distaste for these in advance.In 2019, Du Jiang was able to dominate the screen with three high-profile box office and high-profile movies.The movie “Heroes of Fire” was released last summer and won 1.7 billion box office. After that, “Me and My Motherland” and “Captain of China” took the national box office crown and took second place.In order to play well as a flag-raiser in “Return” in “My Motherland”, Du Jiang deliberately found the prototype Zhu Tao and received military training in advance.Carry a military posture on the back with a T-frame, and hold a playing card in the middle of the legs and palms. Each time the card is dropped, it will be practiced for five minutes. Even during the rest, it will be necessary to repeatedly turn and kick the pace and practice raising the flag.Only then did I see the front of the movie, but it was exactly the same, raising the national flag to the top in minutes and seconds; in order to appear in “Me and My Motherland”, Du Jiang used playing cards to help practice his posture.In the movie “Heroes of Fire”, he plays the traditional Ma Wei section of a bridge section that uses a mobile phone to record the last words. Du Jiang’s pair of iconic big eyes shed tears. There are regrets but no fear, delicate and rich.The sense of crying moved the audience.Du Jiang said that when shooting “Heroes of Fire”, he had just picked up “Captain of China”. In order to conduct driving learning in advance, he once saved the fire at night and opened the plane during the day. Later he also bought the drawing of the plane’s cockpit and attached it to the hotel wall.On the free, remember the position and function of each button.The movie “Heroes of Fire” is still because of the details of death and death, so Du Jiang can show the professional appearance of firefighters, captains and flag-raisers on the screen.His interpretation not only won the approval of the prototype, but also gained a large number of fans.Many audiences have learned about the daily life and the sadness behind the firefighters, captains, and flag bearers because of Du Jiang ‘s interpretation. The spirit of these unknown heroes is felt by more people. Du Jiang said, “This is the meaning of the profession of actors.”.Sauna, Ye Wang Teng Chao editor Wu Dongni proofreading Li Lijun

China Mobile Yang Jie: Strive to complete ahead of schedule the construction of 300,000 5G base stations during the year

On May 15, on the occasion of the upcoming World Telecommunication and Information Society Day (May 17), Yang Jie, Chairman of China Mobile, delivered a “Message from 517”.In his speech, he said that China Mobile will accelerate the construction of new information infrastructures such as 5G, data centers, Internet of Things, industrial Internet, artificial intelligence, cloud computing, and blockchain, and strive to complete 300,000 5G base stations by the end of the year.aims.Yang Jie pointed out that China Mobile will comprehensively improve its cloud-network integrated service capabilities and smart operation capabilities, comply with new trends such as online, intelligent, and cloudification, and accurately grasp the new demands for digital transformation and information consumption upgrades in the prevention and control of epidemicsThe integrated application of “Net + Cloud + DICT” accelerates the integration of 5G industries, serves the public, promotes the development of applications such as remote office, online education, digital life, and smart society.effect.Sauna, Ye Wang promised editor Chen Li proofreading Liu Baoqing

[How to make original donuts]_Homemade methods of original donuts_How to make original donuts_How to make original donuts

[How to make original donuts]_Homemade methods of original donuts_How to make original donuts_How to make original donuts

If you are not married, do you drift out alone to make a name for yourself.

Guangzong Yaozu.

You are respectable like this, but for you, who will take care of your diet, most people will not cook?

Well, now let me teach you how to make the original donut.

1.

1 Knead the dough until the gluten expansion stage appears, gently pull up the film, cover with a damp cloth and ferment for 1 hour 2.

2 Cut the butter into small pieces to soften, then add flour, yeast, milk, eggs, salt, milk powder, sugar and other materials, put in agitate evenly. 3

After the dough is fermented, ban and organize it, press out the gas and let it burst for 20 minutes, then roll it out into a 2 cm thick dough and continue for 15 minutes4.

Relax for 20 minutes after pressing the circle, add to the pan and fry until golden on both sides. After cooling, sprinkle with powdered sugar and you can live a healthy life without a healthy diet. You can learn to cook at home. It is healthy and nutritious. TodayDid you learn the original donuts introduced by you?

[Effects, effects and taboos of Guizhi]_ Guizhi _ nutritional value _ food taboo

[Effects, effects and taboos of Guizhi]_ Guizhi _ nutritional value _ food taboo

Guizhi is a kind of Chinese medicine that everyone realizes, especially those who often use Chinese medicine to treat diseases. They must know that this medicine can treat colds, colds, heart palpitations and other diseases. According to Chinese medicine experts, Guizhi also has the functions of relieving cold and relieving pain.Powerful effects such as qi, but those who suffer from deficiency of fire are not suitable for taking guizhi.

First, the role of Guizhi: Guizhi nature taste: Xin; Gan; temperature, the bladder meridian; heart meridian; lung meridian.

Guizhi can sweat and relieve muscles, warm the meridians and pass through the pulses, help yang and qi, disperse cold and relieve pain.

Main symptoms of cold and wind; cold and dampness and pain; cold limbs; amenorrhea; dysmenorrhea; symptom and agglomeration; chest paralysis; palpitations; sputum drinking;

It is used for colds and colds, abdominal cold pain, blood cold and amenorrhea, joint pain, sputum, edema, palpitations, and dolphins.

1. Guizhi treats the sun stroke, sun-floating and weak, sun-floating, hot spontaneous, weak, sweating, cold-chilling, cold-chilling, fever, and nasal retching: GuizhisanTwo (peeled), peony three or two, licorice two or two (), ginger three or two (cut), twelve jujubes (擘).

Serve the five flavors, cut the three flavors carefully, use seven liters of water, boil three liters with low heat, remove the simmer, cold, and take one liter; the service has to be simmered, simmer the hot porridge for more than one liter to help the medicine, and the warming will make it temporary, All over the body seems slightly sweaty Yi Jia.

2. Guizhi cures typhoid fever, Yang pulse, astringent yin pulse, and string pain in the abdomen: 150 grams of Guizhi (peeled), 100 grams of licorice, 12 jujubes (peony), 30 grams of peony, 150 grams of ginger (cut)Rise.

Shangliuwei uses seven liters of water to boil three liters to simmer and dissolve on a low heat.

One warm day and three warm days.

(“Treatise on Febrile Diseases” Xiaojianzhong Decoction) 3, Guizhi treats typhoid fever eight or nine days, rheumatism fights, physical pain, can not turn to the side, not vomiting and thirsty, pulse floating and astringent: Guizhi four or two (goPeel), three aconite (cannons, peeled, broken), three ginger (cut), twelve jujubes (擘), two licorice ().

Add five liters of water, boil 6 liters of water, boil 2 liters, simmer, and divide into three servings.

4. Guizhi cures sun disease, sweats, sweats, floats, urinates, and is unfavorable for mild heat and thirst: Polyporus octadecine (peeled), 80 grams of atractylodes, chrysanthemum, Poria cocos, cinnamon, and cinnamon 25 grams (peeled).

Smash up the five flavors.

In liquor kimono square inch dagger three days.

(“Treatise on Febrile Diseases” Wulingsan) 5. Guizhi treats pain in various limbs, body cramps, swollen feet, vertigo, shortness of breath, warmth and vomiting: Guizhi four or two, peony three or two, licorice two or two, Ephedra two or two, ginger five or two, atractylodes five or two, Zhimu four or two, windproof four or two, aconite (cannon).

On the Jiuwei, take 7 liters of water, boil 2 liters, warm the Qihe, and the third day.

6, Gui Zhizhi heart phlegm drink chest full of threatening branches: Poria cocos, 150 grams (peeled), 100 grams of atractylodes, 100 grams of licorice ().

Sangshiwei boiled three liters of water with six liters of water and simmered.

Three temperature services.

(“Treatise on Febrile Diseases” Fuling Guizhi Baizhu Gancao Decoction) Second, the efficacy of Guizhi: scattered cold solution, Wentong meridian; promote yang and qi.

Indications: wind-cold table syndrome; cold and dampness and pain; cold limbs; dysmenorrhea due to amenorrhea; agglomeration of palates; chest paralysis;

Guizhi has a variety of flavors: sweet, sweet, warm, enter the lungs, heart, and bladder meridians.The qi and blood drugs are compatible to treat kidney yang deficiency, life-gate fire failure, and limb cold pulses. They are compatible with other Wenli medicines to treat cold abdominal pain, cold and low back pain.

Various existing wind-repellent oil drugs such as refreshing oil and rheumatic oil all contain cinnamon oil.

The main component of “phenylpropanediol” for treating leprosy is cinnamon oil. Other by-products of cinnamon such as cinnamon sticks, laurels, laurels, and cinnamon cups have different pharmacological effects and are widely used in traditional Chinese medicine.

Third, Guizhi’s taboo fever is high, yin deficiency and fire, and blood heat trespassers are prohibited from taking Guizhi.

[Fat with red rice porridge after drinking rice]_ love fart _ what’s going on

[Fat with red rice porridge after drinking rice]_ love fart _ what’s going on

Rice red beans are a kind of health food that people like. After making into porridge, add appropriate sugar, the taste should be very good.

Of course, you can add it according to your favorite taste, and you should pay attention to the length of cooking time, you need to pay attention to many problems after cooking.

Everyone’s physique is different, so what’s going on with fart after drinking indica red bean porridge?

◆ Big rice red bean soup 5 big mistakes ◆ 1 Red beans wrong Red beans in traditional Chinese medicine refer to red beans. From the perspective of efficacy, red beans raise the heart and red beans dehumidify. From the perspective of the shape, red beans are more round and red beans are a substitute.stupidly can not tell.

2 Rice is wrong. Rice is good for dampness and dampness, but it ‘s cold. If you cook it directly, it will hurt the spleen. The spleen is responsible for transporting moisture. The spleen is injured, and the moisture can not be evaporated.
Therefore, before eating, you can fry indica rice on high fire quickly, which has the effect of drying.

3 The cooking method is wrong. The red bean is difficult to simmer. It is best to soak it in warm water for two hours before cooking. Otherwise, the nutrition secrets are difficult to come out. If you do n’t have time to soak, you can cook for half an hour.

4 rice added wrong This soup is not porridge, do not increase the rice!

Because the rice grows in water, the moisture is sticky!

Adzuki beans and barley itself do not contain moisture, so they do not boil thickly. The soup is very clear. Traditional Chinese medicine just uses this “clean” property to remove dampness.

Once rice is added, it is equivalent to adding moisture, and the whole becomes porridge, which may taste better, but for health, all the red beans and rice of that handful of rice are in vain and the effect is completely useless.

5 “Only eliminating the wet and invigorating spleen” is wrong. The Yellow Emperor’s Internal Canon has said that the spleen and moisture are good friends, because the “spleen is the main transport”, the spleen is weak, the humidity will increase, and the heavy humidity will cause the spleen.Wet need to strengthen the spleen.

Therefore, barley red bean soup is not so simple, and it can be regarded as the best medicine to cure dampness only when the methods are properly and completely correct.

Method for making indica red bean soup Ingredients: indica rice and red adzuki beans Method: ◇ Wash the indica rice and red adzuki beans, put them in a casserole, and add enough water; ◇ Turn on the heat until the water in the pot is boiling, cook for another 3 minutes, and turn off the heat for 30 minutes; Turn on the fire again and cook until the water in the pot boils again, cook for another 3 minutes, and turn off the heat for 30 minutes; ◇ filter the soup to drink as water, eat red beans and barley rice as rice, or eat together as porridge.

Warm Tips: ◇ Try using a casserole, which has good thermal insulation and the effect of ravioli is better (you can also use a pressure cooker, the beans will be more crispy); ◇ Amount and proportion, just grab a small one, don’t put more, otherwise cookCome out of a large pot, put as much water as possible, and put less barley and red beans.

Some people drink the rice and red bean soup and the moisture is still there. The root cause is that the moisture itself is severe and has hurt the spleen, or that the spleen is weak and wet, so the above mentioned that we need to strengthen the spleen.Famous Chinese medicine for spleen and spleen: Sishen Decoction.

◆ Four God Decoctions ◆ Spleen and Wetness, Nourishing and Drying The Four God Decoctions originated from eastern Taiwan, because Huaishan, lotus seeds, Poria, and Poria are the main ingredients.

These kinds of medicinal materials are called “Four Prodigies” in Chinese medicine, and they are homophonic with the “Four Gods” in Southern Fujian, so they are called “Four God Decoctions”.

Sishen Decoction contains a large amount of starch. It tastes astringent when stewed alone. It is suitable for adding protein to increase the lubricity.

Eaters, in addition to pork belly belly four gods, but also add pork bones, pig small intestine, ribs, etc .; vegetarians, can add legume products to cook porridge or soup, it is easier to digest.

Since gradually added indica rice, there are actually five kinds of medicinal herbs in the current Sishen soup, and some medicinal stores count one of them and one of them.

Sishen Decoction is a natural and peaceful medicated diet. It has a good conditioning effect on those with weak spleen and stomach, loss of appetite, easy diarrhea, poor immunity and young children.

Ingredients for making the Shenshen soup: Yunling (White Poria) 10 g, dried Huaishan 15 g, lotus seed 15 g, barley 15 g, coriander fruit 10 g, 4 shallots, half pork belly, 6 slices of ginger, 8 bowls of water;Seasoning: 1 bowl of rice wine, the right amount of flour, the right amount of oil, the right amount of vinegar, and the right amount of salt; method: (3-4 servings) ◇ Cut and spread the pork belly along the upper and lower holes with scissors, add to the sink, and pour in the right amount of flour, Oil and vinegar, rub repeatedly, about 5 minutes, rinse with water, repeat again; scrape inside and outside with a knife to remove dirt, wash with water; ◇ boil a pot of water, add 3 slices of ginger, two onionsAnd half a bowl of rice wine, add pork belly after boiling, cook 3?
5 minutes until the pork belly is hardened and picked up; after cooling, cut into about 2 cm thick strips for use; ◇ Wash Yunling, Huaishan, lotus seeds, barley, coriander fruit; wash onions and cut into sections; ◇ boil water,Add pork belly, various herbs, ginger and spring onion and half a bowl of rice wine, cook for 20 minutes on Wuhuo, turn to low heat for two hours, season with salt and serve.

Efficacy: nourishing spleen and qi, strengthening stomach and reducing diarrhea.

Consistent with loss of appetite, indigestion, and diarrhea, it is a good food for thin people to gain weight.

Regular constipation should not eat too much.

Pregnant women should not eat.

A seemingly simple barley red bean soup has so much attention?

After reading this article, allow you to lament the profoundness of TCM!

At the same time, hurry up and replace the red beans with red beans.

[How to identify noodles without glue]_How to identify_Judgment

銆愰潰鏉℃€庝箞閴村埆鍚笉鍚兌銆慱濡備綍閴村埆_鍒ゆ柇
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[7 Things To Do When Your Life Breaks Down]

[7 Things To Do When Your Life Breaks Down]

It can be painful when you admit that your life or marriage is a lie.

Hurting the loved ones and the closest ones often goes deeper than hurting strangers.

I think it is necessary to go through the darkest moments of life.

I believe that the night of the soul is an important period for our growth and transformation.

You have no choice but to continue with your courageous hands.

I hope this article will help you to overcome that period of life that is bothersome and challenging your ability.

1.

Talking about heaven and earth Perhaps you know that various emotions often accumulate in your soul, making you feel overwhelmed and reversed.

It is important to find a solution to this burden.

The best and most effective way is to talk about the world and free your soul from grief.

You can share your feelings with someone you can trust.

When your problem is spoken in your voice, you can release stress and shoulder burdens.

Also, you can get a useful suggestion from your favorite and closest ones.

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[Can papaya and beef be eaten together]_Food conditioning_Eating taboos

[Can papaya and beef be eaten together]_Food conditioning_Eating taboos

Papaya and beef can be eaten together, mainly because these two ingredients do not appear to be mutually compatible. We eat together to supplement the nutrients needed by the body, but generally we do not eat together.

Papaya is generally eaten raw, which can increase the effect of breast augmentation, and beef is generally made into food, so it is recommended that you come to know how to make beef, and then make beef into food for family members to enjoy.

can!

Each of the two is incompatible.

But papaya is sweet, and the fruit is best eaten raw, so people with poor stomachs, children, do n’t eat it like this. Of course, if you want to try dark food, you can try it. Of course, papaya seeds are cured beef.Good stuff, the black seeds in papaya usually have a bitter taste, and everyone throws them in the trash.

In fact, these black seeds are very useful.

Take out the seeds, and when marinating the beef, lay the beef flat and marinate it in the sauce, and then put a layer of papaya seeds on it, so that the beef, sauce, and papaya seeds are marinated together, and then the papaya seeds are naturallyPapaya enzyme will play a role in softening beef.

After marinating, remove the beef, and gently remove the papaya seeds from the top. Remember not to wash the beef again, because the papaya seeds are clean, unpolluted and slightly sweet. At this time, you can prepare beef to make it delicious.The cooked papaya seeds are good for pickled beef. Dongdong papaya usually has black seeds in it, and everyone throws them in the trash.

In fact, these black seeds are very useful.
Take out the seeds, and when marinating the beef, lay the beef flat and marinate it in the sauce, and then put a layer of papaya seeds on it.Papaya enzyme will play a role in softening beef.
After marinating, remove the beef, and gently remove the papaya seeds from the top. Remember not to wash the beef again, because the papaya seeds are clean, unpolluted and slightly sweet. At this time, you can prepare beef to make it delicious.Cooking

Lin Yang Energy (601222) 2018 Annual Report Comments: Photovoltaic Continued Growth, Smart Turning Point Visible

Lin Yang Energy (601222) 2018 Annual Report Comments: Photovoltaic Continued Growth, Smart Turning Point Visible

Investment 西安耍耍网 Highlights The company released its 18-year annual report and 19-year quarterly report: The company realized operating income of 40 in 18 years.

2 ten percent, an increase of 11 per year.

9%, realizing net profit attributable to parent company7.

600 million, an increase of 10 in ten years.

9%, net profit of non-attributed mothers was realized7.

4 ‰, an increase of 9 in ten years.

6%, performance was slightly higher than expected.

A cash bonus of 1 is paid for every 10 shares.

75 yuan (including tax).

In Q1 19, the company realized operating income6.

90,000 yuan, an increase of 19 in ten years.

1%, realizing net profit attributable to the parent company1.

6 ppm, an increase of 5 in ten years.

6%, the net profit of deducting non-attributed mothers1.

500 million, a five-year growth of 5.

3%, performance was in line with expectations.

The turning point of the smart sector is imminent, benefiting from the ubiquitous layout of the Internet of Things: the company’s smart sector has achieved revenue for 14 years.

300 million, through domestic market breakthroughs, to suppress domestic demand fluctuations.

In 2018, the company achieved overseas sales of US $ 38.05 million and orders in hand amounted to US $ 48 million.

At the same time, the company, as a global meter leader, is expected to benefit significantly from the ubiquitous power IoT construction bonus, and the construction of the “three types and two networks” terminal layer opens up a new blue ocean of smart terminal demand.

High-quality power station projects are in hand, and the trend of parity is worry-free: the scale of the company’s holding of power stations has been reduced to 1 since the end of 18 years.

45GW, power generation exceeded 7.

500 million to realize power generation revenue1.

33 ppm, an increase of 21% per year.

The company reserves item 1 in hand.

Above 6GW, and actively distribute distributed projects after parity.

The recent implementation of the parity policy is conducive to the orderly expansion of the company’s power station scale.

N-type battery efficiency breakthrough, EPC first year victory: the company’s high-efficiency N-type battery mass production conversion efficiency exceeded 21.

8%, and started the TopCon technology upgrade.

At the same time, with N-type high-efficiency products, EPC’s first year revenue exceeded 1 billion, and established cooperative relationships with core operators at home and abroad.

The company plans to realize the development and construction of 300-500MW power stations in 2019, including the deployment of overseas business of 100-200MW, to achieve the basis of continuous growth in performance, and to promote the application and penetration of N-type high-efficiency products.

Investment suggestion: We have adjusted our profit forecast. It is expected that the company’s EPS for 2019-2021 will be 0.

53 yuan, 0.

64 yuan, 0.

77 yuan, corresponding (included on April 25) PE is 10.

3 times, 8.

5 times, 7.

1x, initial prudent increase in rating. Risk warning: The installed capacity of distributed photovoltaics does not meet expectations; the expansion of overseas business does not meet expectations; domestic competition is intensifying.

Ren Zeping: Ranking of China’s Urban Development Potential in 2019

Ren Zeping: Ranking of China’s Urban Development Potential in 2019

As a guide, we propose a standard analysis framework that is widely adopted: “Real estate looks at population in the long term, land in the medium term, and finance in the short term.”

  At present, China’s urbanization is entering the era of urban agglomerations. The real estate market has entered a new stage of development, with regional differentiation. The long-term real estate mechanism is rapidly changing. The “one-city, one-strategy” upgrade has huge differences in urban development potential. Urban researchBecomes particularly important.

  In this research, we have refined and quantified the classic framework for more than a year. Based on the previous 60 indicators and more than 100,000 data, we screened out 27 indicators and about 50,000 data to establish multi-dimensional and multi-level.The verifiable fundamentals of the city’s development potential + market-side evaluation model ranks the thematic development potential of the 336 prefecture-level administrative units except Sansha City, Hong Kong, Macao, and Taiwan.

  This study is of reference value for recognizing the potential of urban development, for the government to establish a long-term mechanism, to promote the stable and healthy development of the real estate market, for residents to live and work in peace, and for business investment decisions.

  Abstract Research background and analysis framework: The real estate market has entered an era of urban agglomeration with equilibrium and regional differentiation.

1) Background: Real estate has entered a new cycle, and urban development has entered the era of urban agglomerations.

China’s population aged 20-50 peaked in 2013, with the ratio of existing housing units to nearly one.

1 The acceleration of the establishment of a long-term real estate mechanism marks a departure from the high-growth stage of the Chinese real estate market and a new era and new cycle of transformation and development.

In the medium to long term, the three major dividends of urbanization, improved housing and urban renewal will support the steady development of China’s real estate market in the future.

From a regional perspective, China has entered the era of urban agglomerations, with prominent regional differentiation, huge differences in urban development potential, and more prominent urban research value.

2) Analysis framework: fundamental analysis trend and market analysis timing.

Fundamental analysis is the core of the research and judgment of urban development potential, and the key lies in the research and judgment of the population. The logical chain is: people follow the industry, industry determines the rise and fall of the city, and location factors such as economies of scale and transportation costs determine the industrial layout.

We focus on the demand-side population status, population potential and purchasing power, as well as supply-side housing stock and land financial dependence on a total of 23 indicators.

On the market side, four short-term indicators, such as the housing price cycle, demand overdraft rate, destocking, and land-price-to-price ratio, are used to determine the heat of the urban market to determine the timing of entry based on fundamental analysis.

Backtesting based on historical data, the accuracy is 75%.

  Fundamentals: Ranking of China’s urban development potential in 2019.

1) Overview of the list: In 2019, Shenzhen, Shanghai, Guangzhou, and Guangzhou ranked among the top 4 in the medium- and long-term development potential list. Among the second-tier cities, Chengdu, Nanjing, Wuhan, Chongqing, Tianjin, Hangzhou, and the top ten residences; 32 cities in the eastern region entered the topFifty, the Yangtze River Delta, the Pearl River Delta region is particularly outstanding; more than 80% of the cities in the Northeast are behind 200.

The top 100 cities use 13% of the country’s land to gather 50% of the population, create 73% of GDP, and account for 62% of the country’s commercial housing sales.

2) Population status: The population continues to gather in big cities, and core cities in the central and western regions have risen.

From a regional perspective, the population is returning to central and western provinces such as Wanchuan, Guiyu, and eastern provinces, such as Guangdong and Zhejiang, and the population has co-existed. The population growth in Beijing, Shanghai, Tianjin, Heiheji, and Liaoning is sluggish or even negative.

From the perspective of the split-line cities, the population continues to flow into the first- and second-tier cities, the third-tier cities’ overall inflows are basically balanced, and the fourth-tier cities continue to pass.

From the perspective of key cities, the population of Shenzhen, Guangzhou, and Hangzhou has increased, and the core cities of Xi’an, Chengdu, and Changsha have risen. The population growth of eastern cities such as Beijing, Shanghai, Tianjin, Suzhou, and Wuxi has increased.

3) Population potential: People follow the industry, and the foundation and potential of the first and second line industries are outstanding.

First and second-tier cities with 25.

5% of the population created 46.

5% of GDP, the potential for population agglomeration is great.

In terms of industrial innovation, the effects of the first- and second-tier cities are significant. The proportion of listed companies and the total number of invention patents authorized account for about 70% and 75%, of which the absolute highlands in Beijing and Shanghai, Hangzhou, Guangzhou, Suzhou, Nanjing, Chengdu, etc.City first.

In terms of transportation location, the number of high-speed railways from the first to the second-tier cities’ transportation hubs is as high as 740 and 149, respectively. The eastern region benefits from physical geography and the first to develop strategic transportation infrastructure.

In terms of public resources, high-quality education in first- and second-tier cities, intensive medical resources, and urban rail transit improve urban operating efficiency.

4) Purchasing power: The absolute purchasing power of first- and second-tier cities is higher, while the relative purchasing power is lower.

At an absolute level, per capita savings deposits in first-tier cities have disposable incomes as high as 11.

5, 6.

60,000 yuan, far higher than other cities.

From a relative level, first-tier, second-tier, third-tier, and fourth-tier cities have house price incomes of 20 respectively.

8, 10.

6, 8.

4, 6.

0 years, but because of insufficient supply in first-tier cities, housing prices are not determined by the median income group, but by high-income groups.
5) Housing supply: Housing supply in first- and second-tier cities is tight, and land finance in second- and third-tier cities is relatively high.

Housing supply in first- and second-tier cities is tight, and the ratio of dwellings is 0.

97, 1.

02. There is excess risk in the Northeast, and the ratio of registered households exceeds 1.

.

1.
In the east and central regions, the financial dependence of land is relatively high, at 57% and 52%, respectively; in second and third-tier cities, it is higher at 64% and 50%, respectively.

  Market: When is the best layout of the top 100 cities in 2019?

1) Overview of the list: Based on the fundamental analysis, the top 100 development potentials are classified into 3 levels based on market conditions. Among them, 15 cities such as Shenbei, Shanghai and Guangzhou are the first grade, and 25 cities such as Chengdu and Wuhan are the second grade. Lanzhou, Xuzhou and other 60 cities are third gear.

2) Volume and price trends: Demand in some third- and fourth-tier cities is clearly overdraft, and transaction volumes in some first- and second-tier cities have picked up, and the market is expected to stabilize.

The housing prices in some first-tier and second-tier cities and surrounding areas that have undergone significant adjustment will gradually stabilize, such as insufficient supply or some growth pressure; the sales volume surged by the monetization of the shed in the early stage, and some third-tier and fourth-tier cities lacking fundamental supportAdjust risk.

3) Destocking: In the western region, fourth-tier cities have higher overall inventory risks.

From the perspective of saleable inventory, in January 2019, the first, second, and third and fourth tier sample cities’ inventory de-removal cycles were 11 respectively.

7, 10.

5, 11.

In four months, third- and fourth-tier cities have risen since the second half of 2018.

From the perspective of generalized inventory, in the western region of 2017, the land digestion cycles of fourth-tier cities were 2 respectively.

5, 2.

1 year.

4) Land acquisition cost: In 2018, the land price and housing price dropped from the overall level, and a few cities were still higher.

In the March 2019 sample of 100 cities, the premium rates for the transaction of residential land in first-tier, second-tier, and third-tier and fourth-tier cities were 4, respectively.

2%, 21.

6%, 21.

4%, of which second-tier cities have been on the rise for 4 consecutive months, and third- and fourth-tier cities have been on the rise for 5 consecutive months.

In 2018, the first-tier, second-tier, third-tier, and fourth-tier cities had land price-to-price ratios of 29%, 25%, 19%, and 13%. Except for the first-tier cities, which increased slightly by one compared with 2017, the second-tier, third-tier, and fourth-tier cities decreased respectively.7, 5, 2 single.

  Embrace urban agglomerations and seize megatrends.

The productivity of the metropolitan agglomeration, led by the central city, saves land and energy, is the main platform to support China’s economic growth and 北京桑拿洗浴保健 development, and is the focus of China’s current and future development.

In 2019, 96 of the top 100 cities with development potential are located in 19 major urban agglomerations, and 54 of them are located in 24 million-level metropolitan areas.

From the perspective of per capita production efficiency, the per capita GDP by size has been decreasing from large to small; cities with more than 10 million people have 14 million GDP per capita, which is 2 to 3 million cities.

One time, about five times that of cities with less than 200,000 people.

At the scale of the urban agglomeration, the core of the 19 urban agglomerations lies in five urban agglomerations, including Beijing, Tianjin and Hebei, the Yangtze River Delta, the Pearl River Delta, the middle reaches of the Yangtze River, and Chengdu and Chongqing.

It is estimated that by 2030, about 80% of China’s 2 billion new urban population will be distributed in 19 urban agglomerations, of which about 60% will be distributed in the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, the middle reaches of the Yangtze River, Chengdu-Chongqing, Central Plains, ShandongSeven urban agglomerations such as the Peninsula.

At the metropolitan area scale, there are 24 metropolitan areas with more than 10 million people.

7% of the land gathers 33% of the population to create about 54% of GDP. Among them, Shanghai, Beijing, Shenzhen Wanhui, Guangfozhao and other metropolitan areas have obvious development potential.

Outside the metropolitan area, there are still two types of third- and fourth-tier cities that deserve attention: one is the third- and fourth-tier cities where the economic strength of the eastern coastal areas is more prominent, and the other is the distance from the central metropolis, the size of the population in the jurisdiction or hinterland.Large inland regional central cities are located in multiple urban agglomerations.

  The implementation of a real long-term real estate mechanism will help the market develop steadily and healthily, which is also the common expectation of the people, the government, and enterprises.

The key to a long-term mechanism lies in the link between people and land, financial stability, and strategies based on the city.

For cities where housing prices are too high due to continuous population inflows and insufficient land supply, land supply is increased; for cities with excessive population and excessive stock supply due to excessive land supply, land supply is reduced; supply and demand balance is achieved through human-land connection to solve population and landSeparation, supply and demand mismatch caused the first and second tier housing prices are too high, the third and fourth tier inventory is too high.

From the experience of the United States, Britain, Germany, Japan, Hong Kong, Singapore, etc., excessive financial leverage on real estate is the source of risk, and monetary and financial stability is the root cause. To avoid excessive currency issuance, excessive leverage and excessive borrowing by residents, passVarious means such as currency, finance, budget, land, etc., support rigid demand and improvement demand, and restrain throwing demand.

  Risk warning: there is a certain deviation in the model prediction; some indicators have not released the 2018 data, which affects the model estimation; the logic of the tourist city is different from other cities, and the model is not considered separately.
Table 1 Research background and analysis framework: The real estate market has entered an era of balanced and regionally divided urban agglomerations.
1 Research background: Real estate enters a new cycle, and urban development enters the era of urban agglomerations.

2Analysis framework: Fundamental analysis trend, timing of market analysis2 Fundamental: Ranking 2 in China’s urban development potential in 2019.

1Overview of the rankings: Shenzhen North and Shanghai top the list, regional center cities and the Yangtze River Delta Pearl River Delta perform well, and Northeast China lags behind.

2 Population status: The population continues to gather in big cities, and the core cities in the central and western regions rise.

3 Population potential: People follow the industry, the foundation and potential of the first and second line industries are outstanding 2.

4Purchasing power: The absolute purchasing power of first- and second-tier cities is relatively high, and the relative purchasing power is sufficient.

5 Housing supply: housing supply is tight in first- and second-tier cities, and the financial dependency of second- and third-tier land is relatively high. 3 Market: When will the top 100 cities be best in 2019?

  3.

1 Overview of the list: Top 100 development potential 3 points 3.

Volume and price trends: Demand in some third- and fourth-tier cities is clearly overdraft, and transaction volume in some first- and second-tier cities has picked up. Housing prices have stabilized3.

3 Inventory removal: In the western region, the overall inventory risk of fourth-tier cities is relatively high.

4 Cost of land acquisition: Land prices and housing prices have fallen as a whole, and a few cities are still high. 4 Embrace urban agglomerations and grasp the megatrend. 1 Research background and analysis framework: The real estate market has entered a balanced and regionally divided urban agglomeration era.

1 Research background: Real estate enters a new cycle, and urban development enters the era of urban agglomerations. From an overall perspective, the population aged 20-50 peaked in 2013, the demand growth has passed, and the ratio of existing housing units is nearly 1.

1 The acceleration of the establishment of a long-term real estate mechanism marks a departure from the high-growth stage of the Chinese real estate market and a new era and new cycle of transformation and development.

On the demand side, the scale of China ‘s 20-50-year-old main home buyers reached expectations in 2013, with new housing starts in 2011 and 2013 reaching more than 14 billion square meters in double peaks, and 2018 sales of commercial housing reached 14.

800 million square meters, probably the starting point of budget history.

According to the current population development trend, China’s population will peak around 2024. If subsequent fertility is encouraged, the peak time will be repeated up to 2031.

On the supply side, since the reform and opening up in 1978, especially since the housing reform in 1998, Chinese urban residents have basically achieved a historic leap from Tongzilou to residential quarters, from dwellings to basic livables.To 0.

8 rose to close to 1.

1, indicating the end of the era of housing cancellation.

On the policy scale, the real estate planning thinking has undergone a major change, gradually transitioning from a short-term policy to a long-term mechanism construction.

Over the past 20 years, China ‘s actual adjustment target has repeatedly repeated between steady growth and controlling house prices. It has shifted its mindset to focus on restraining demand and increasing supply, focusing on short-term changes to a long-term mechanism, gradually taking measures to reduce administrative burdens, and reducing the increase in housing price adjustment.

In December 2016, the central government clearly defined “the house is used for living, not for speculation”, and began to propose the establishment of a basic system and long-term mechanism to promote substantial and healthy development. The practical ideas gradually moved from short-term policies to long-term effects.The transition of mechanism construction has changed from a game of chess across the country to the policy of the city, and from a commodity attribute to a housing system that highlights the residence attribute.

  In the medium to long term, the three major dividends of urbanization, improved housing and urban renewal will support the steady development of China’s real estate market in the future.

The first is the urbanization bonus.

Urbanization of China’s Permanent Population in 201859.

6%, with an estimated average urbanization level of about 80% and other growth space, and the urbanization rate of the registered population is only 43.

4%, the civic space is even greater.

The second is the living improvement bonus.

At present, the rate of complete sets of urban housing with kitchens and bathrooms is only 85%, and 20% of households live in poor-quality bungalows. The per capita housing area is less than 25 square meters, which is a significant gap from developed economies.

As China ‘s economy continues to grow and incomes increase, and the size of households is becoming smaller, the per capita housing area has increased further.

The third is the urban renewal bonus.

With the growth of the housing stock market, the housing stock is renewed, and the scale of demolition and reconstruction will continue to rise.

Generally speaking, the average annual demand of China’s real estate market will be about 1.1 to 1.3 billion by 2030. Although the demand is large, the scale is still large.

(See the December 2018 report of the Evergrande Research Institute, “Continuation of the traditional cycle, or is the long-term mechanism broken?

— Prospects for the Real Estate Market in 2019》) From a regional perspective, China has entered the era of urban agglomerations, with prominent regional differentiation, huge differences in urban development potential, and more prominent urban research value.

In the era of housing, the development potential of cities is not very different, but in the era of overall housing balance, the development potential of cities is significantly different.

The housing stock ratio is low, the industry is strong, and the population has the potential for alternative development in cities. The housing stock ratio is high, the industry is weak, and the cities with a continuous population lack development potential.

In this context, it is important to judge the development potential of different cities.
From the international and Chinese experience, population migration is divided into two stages: from rural to urban migration, and to the urban agglomeration in the middle and late stages of urbanization.
Although China has proposed to take urban agglomerations as the main form of urbanization since the “11th Five-Year Plan” in 2006, it has clearly promoted the construction of urban agglomerations and started a new type of urbanization construction started in 2014. 19 urban agglomeration plans have been issued successively.

In November 2018, the State Council’s “Opinions on the Establishment of a New Mechanism for a More Effective Regional Coordinated Development” called for the establishment of a central city to lead the development of urban agglomerations, and urban agglomerations to drive a new model of regional development and promote the integration and interactive development of regional plates.

In view of the immature development of most urban agglomerations, the central government takes metropolitan areas with large cities as the core as the breakthrough point and starting point for the construction of urban agglomerations.

In February 2019, the National Development and Reform Commission issued the “Guiding Opinions on Promoting the Development of a Modern Metropolitan Area”, which requires the construction of a one-hour commute circle in the same city direction, marking China’s entry into the era of urban agglomerations.

In fact, in the past few years, housing prices in first-, second-, third-, and fourth-tier cities have clearly differentiated, which is a direct manifestation of the significant differences in urban development potential.

In the first and second tier cities, due to the increase in population, insufficient land supply skyrocketed in 2015-2016; in the third and fourth tier cities, inventory was high for a time, and later, due to destocking policies, it rose sharply in 2017-2018.

1.2Analysis framework: Fundamental analysis trend, market analysis timing Based on the classic framework of “real estate long-term population, medium-term land, short-term finance”, we have 27 indicators from the two dimensions of “fundamental + market”Study the development potential of 336 prefecture-level administrative units in China in 2019 (excluding Sansha), and specifically judge the mid-to-long-term development potential of cities based on fundamentals, and use the market to assist in timing.

  Fundamental analysis is the core of the research and judgment of urban development potential. The key is to judge the population trend. The logical chain is: people follow the industry, and the industrial layout is determined by the location.

First, real estate looks at population for a long time, and population determines demand.

Population is the foundation of all economic and social activities, and it is the fundamental support for the development of the real estate market.

Due to the sharp decline in the number of births, China’s population increased by only 5.3 million in 2018, and the total population will peak in 2024-2031. Each region has gradually entered the era of the population game of population competition.

The fundamental driving force of population migration is the gap between actual income and living standards. The general rule is that people go with the industry and people go higher.

Second, industry determines the rise and fall of cities, industry rises and cities rise, and industry gathers population.

At present, China’s economy has shifted from a high-speed growth stage to a development stage. From the mid-low end of the global value chain to the mid-to-high end, the regional industrial structure has changed significantly.

At the regional level, a large number of manufacturing industries along the eastern coast have been affected by rising costs, and have already moved to the Chinese mainland and Southeast Asia.

From the perspective of urban agglomerations, core cities in developed urban agglomerations are clustering high-end manufacturing and high-end service industries, and general manufacturing is shifted to the surrounding areas. Manufacturing clusters in developing metropolitan areas continue to cluster and develop to core cities, and the general urban industrial structure outside the urban agglomerationPresent low-end manufacturing and low-end service industry.

Third, location determines the industrial layout, and economies of scale and transportation costs determine location.

The industrial layout of enterprises is aimed at maximizing profits, and regional location selection is necessary.

However, location factors are not static, and changes in factors such as economies of scale and transportation costs are included.

The key to the first development of the eastern coastal areas of China is not the policy of opening up first, but the location of the coast is conducive to exports; globally, about 60% of the total economic volume is concentrated within 100 kilometers of the coast.

High-end manufacturing and high-end service industries are clustered in core big cities, mainly due to cost reductions and increased efficiency brought by economies of scale.

  Specifically, we focus on the demand-side population status, population potential, and purchasing power of the population, as well as the supply-side housing stock and land financial dependence on a total of 23 indicators.

Among them, the current status of the population is divided into two dimensions: size and structure, including indicators such as immigrant population, population age structure, urbanization rate, and primary school students.

Based on the basic logic of “people follow the industry, people go higher”, we analyze population potential from four aspects: economic strength, industrial innovation, transportation location and public resources.

In addition to the economic aggregate, we use the economic-population ratio (regional economic aggregate / population ratio) as the overall population attractiveness to reflect the size of the economy, the number of listed companies with A + H shares, and the number of invention patent authorizations to reflect regional advanced industries and innovationAbility to reflect the location of traffic by the number of high-speed rail departures to the end, the density of the highway network, the distance to the central city, the number of college students, the number of practicing (assistant) doctors, and the density of the urban rail transit network of the highway.Medical resources, public transportation and other public resources.

In terms of purchasing power, we focus on absolute levels of per capita savings, human-dominated income, and relative levels of house-to-income ratios.

On the supply side, we focus on two indicators: the ratio of dwelling units and the dependence on land finance; of which, the ratio of dwelling units reflects the overall balance of the existing housing market, and the dependence on land finance reflects the dependence of local governments on real estate and related land transfer preference.

  On the market side, four short-term indicators such as destocking, housing price cycle, demand overdraft rate, and land-price-to-price ratio are used to determine the short-term changes in the urban market to determine the timing and priority of entry based on fundamental analysis.

Some cities even look at the medium and long-term development potential from the basic surface, but if the short-term demand overdraft is severe, the potential will still be developed in the short term.

We use four short-term indicators to reflect the market, including the land digestion cycle, the housing price cycle, the demand overdraft rate, and the land price to housing price ratio.

Due to incomplete data on saleable inventory, we use the general inventory depletion index of the land digestion cycle to reflect the urban house inventory.

The housing price cycle reflects whether urban housing prices are currently in a predetermined position, whether they are growing or falling, and the relevant duration.

The demand overdraft rate is the degree of change between the current growth rate of residential sales area and the growth rate in the past few years. If it deviates from the past average value, it is likely to mean a risk response.

The land price-to-price ratio can roughly reflect the current cost-benefit ratio of real estate companies’ land acquisition, but if there is no introduction of population and industries, regions with low land-price-to-price ratios also lack development potential.

  In addition, most short-term financial indicators have national identity and small regional differences, so the model consideration range is not divided.

Financial policies (interest rates, liquidity growth, credit, down payment ratio, etc.) are not only one of the main tools for macroeconomic transformation in various countries, but also the policy that has the most significant impact on short-term changes in the real estate market.

Housing development and purchase are highly dependent on bank credit support. Policies such as interest rates, down payment ratios, and credit will affect the ability of residents to pay, as well as the developer’s withdrawal of funds and expectations, and the impact on supply and demand changes in the housing market.

  All the data in this article come from public sources, including the national and local statistical bureaus, government public information, Wind, and some real estate professional data agencies.
For some regions or indicators that have not yet released 2018 data, we will use 2017 data instead.
  In terms of data processing, in order to eliminate the dimensional difference of the original data, the “optional-selection” method is adopted for the standardization of the original data.

Among them, for monotonically increasing indicators, linear conversion is 0-100, and for monotonically decreasing indicators, linear conversion is 0-100.

  In terms of weight processing, the analytic hierarchy process is used to set specific index weights from top to bottom, and the weight settings are optimized by back-testing historical data.

In the 2015-2016 data backtest, the accuracy of the model for ranking is 75%, and the goodness of fit to the index is 62%.

  2 Fundamentals: China’s urban development potential ranks second in 2019.

1 List overview: Shenzhen North and Shanghai top the list, regional center cities and the Pearl River Delta in the Yangtze River Delta perform outstandingly, and the Northeast is generally lagging behind. According to GDP, per capita disposable income of urban residents, and the political structure of the city, the country is divided into 337 prefecture-level units and above.It is a city of one, two, three and four, of which Sansha City is not included in the list because of the lack of duplication of public data.

Four first-tier cities include Beijing, Shanghai, Guangzhou and Shenzhen, with GDP of more than 2 trillion in 2018; second-tier cities are municipalities other than first-tier cities, multiple provincial capital cities, planned single cities and GDPs greater than 700 billion and urban residents’ per capita disposable income of 40,000 yuanThere are a small number of developed prefecture-level cities with a total of 35; third-tier cities are a small number of weak provincial capital cities and other prefecture-level units with a GDP of more than 200 billion US dollars; 85 fourth-tier cities are the remaining prefecture-level units with a GDP of less than 200 billion yuan.Each.

  In 2019, Shenbei, Shanghai, Guangzhou, and Guangzhou ranked top 4 in the medium- and long-term development potential list. Among the second-tier cities, Chengdu, Nanjing, Wuhan, Chongqing, Tianjin, and Hangzhou ranked among the top 10; 32 cities in the eastern region entered the top 50, and Northeast China hadOver 80% of the cities are behind 200.
The top 100 cities gather about 50% of the population with 13% of the country’s land and create about 73% of GDP, accounting for about 62% of the country’s commercial housing sales.

Shenzhen has the highest urban development potential, followed by Beijing, Shanghai and Guangzhou.

Among the second-tier cities, Chengdu, Nanjing, Wuhan, Chongqing, Tianjin, and Hangzhou rank among the top 10; Zhengzhou, Changsha, Xi’an, Jinan, Hefei and other provincial capitals, Xiamen, Qingdao and other planned cities, Suzhou, Dongguan, Foshan and other developed citiesTier Cities entered the top 20.

The capital cities of the province except Hohhot, Yinchuan, Xining, and Lhasa all rank in the top 50.

Among the top 50 cities, there are 32 in the eastern region, 6, 8, and 4 in the central, western, and northeast regions, respectively.

Except for municipalities directly under the Central Government, provincial capitals, and cities with separate plans, the top 50 prefecture-level cities are mostly located in the Yangtze River Delta and Pearl River Delta regions, including 8 Yangtze River Delta city clusters, 4 Pearl River Delta city clusters, Haixi city clusters, and Shandong PeninsulaThere are 2 city clusters each.

In terms of different regions, the proportion of cities ranked after 200 in the east, central and western regions is 4 respectively.

6%, 22%, 64.

1%; 30 cities in Northeast China rank behind 200, accounting for 83 of the prefecture-level units in the region.

3%, the development potential is generally lower.

It should be noted that the development potential index synthesized after each index is standardized has only a certain ordinal meaning.

2.

2 Population status: population continues to gather in big cities, the rise of core cities in the central and western regions. From a regional perspective, the current population returns to the central and western provinces such as Wanchuan, Guiyu, and eastern provinces, such as Guangdong and Zhejiang.Population growth is sluggish or even negative.
From the reform and opening up to around 2010, the population moved to export-oriented coastal developed areas on a large scale.

Since 2010, industrial transformation and upgrading in the transitional coastal areas, industrial undertakings in the central and western regions, and the growth of the older generation of migrant workers, some of the population has gradually returned to the central and western regions, and the population growth rate in the eastern region has slowed down, while the population in the northeast region has begun to grow negatively.

The current population return is obvious in Anhui, Sichuan, Guangxi, Henan, Guizhou and other provinces. The average annual increase of the permanent population in Anhui rose from -330,000 in 2000-2010 to 370,000 in 2010-2015, and then increased to 2015-2018.In the year of 600,000, Sichuan rose from -560,000 to 320,000, and then increased to 460,000.

The resident population growth in Guangdong, Zhejiang and other provinces was once significantly offset by the return of population, but the population re-obviously gathered in 2015-2018, with the current average annual increase of 1.66 million and 660,000 respectively.

Jiangsu replaced 520,000 in 2000-2010 from 250,000 in 2010-2015 and 250,000 in 2015-2018. There was no significant improvement. The population agglomeration difference between Jiangsu and Guangdong was similar to the difference in economic development, and the overall economy of the two places began in 2016.Gradually widen.

  From the perspective of the split-line cities, the population continues to flow into the first- and second-tier cities, the third-tier cities’ overall inflows are basically balanced, and the fourth-tier cities continue to pass.

From 1982 to 2017, the average annual growth rate of the first- and second-tier cities was significantly higher than the national average, and the first-tier cities had a higher growth rate, indicating a long-term net inflow of population and a greater concentration in first-tier cities.

Among them, from 1991 to 2000, from 2001 to 2010, and from 2011 to 2017, the average annual growth rate of population in first-tier cities was 3.

9%, 3.

4%, 1.

5%, second-tier cities are 1.

9%, 1.

8% and 1% indicate that the population migration in first- and second-tier cities since 2011 has been vertical but still agglomerated. The reasons for this include Beijing-Shanghai controlling people, aging migrant workers returning, and so on.

In the above three periods, the annual average growth rate of the total population of the third and fourth lines was 0.

63%, 0.

29%, 0.

44%, while the average national population growth rate is 1.

04%, 0.
57%, 0.
52%, indicating that underpopulation has been flowing back since 2011, but that net decline continues.

Among them, the average annual growth rate of population in third-tier cities from 2001 to 2010 and 2011 to 2017 was 0.

50%, 0.

44%, basically unchanged from 0 nationwide.

57%, 0.

52% of the population growth rate; the average annual population growth rate of fourth-tier cities is zero.

14%, 0.

38%, significantly lower than the national average.

  From the perspective of key cities, the population of Shenzhen, Guangzhou, and Hangzhou has increased, and the core cities of Xi’an, Chengdu, Changsha and other central and western cities have started to grow. The population of eastern cities such as Beijing, Shanghai, Tianjin, Suzhou, and Wuxi has grown significantly.

The past two decades have witnessed profound changes in the pattern of urban agglomeration.

Except for Beijing and Shanghai, which have taken the initiative in 2013, other cities have recently been “grabbing people”, but they are different.

From 2000 to 2010, the top five cities with the largest average annual increase in resident population were Shanghai, Beijing, Suzhou, Shenzhen, and Tianjin, with an average annual increase of 66, 61, 37, 34, and 310,000.

From 2010 to 2015, the top five cities with the largest average annual increase in resident population are Tianjin, Beijing, Shanghai, Shenzhen, and Zhengzhou, with an average annual increase of 50, 42, 22, 20, and 180,000.

From 2015 to 2018, the top five cities with the largest average annual increase in resident population were Shenzhen, Guangzhou, Hangzhou, Changsha, and Xi’an, with an average annual increase of 55, 47, 26, 24, and 230,000; Chengdu, Zhengzhou, and Chongqing (mainly(City) The average annual increase of the resident population also exceeds 150,000, while the traditional population agglomeration cities Beijing, Shanghai, Tianjin, Suzhou, and Wuxi have an average annual increase of less than 50,000. Beijing has sustained negative growth for two years from 2017 to 2018, and Tianjin once experienced negative growth in 2017.
  Judging from the household registration situation, there are a large number of immigrants in major cities, and there is a lot of room for localization of the population. The deepening of the reform and transformation of the household registration system will help release part of housing demand.

The central government requires that, with the exception of Beijing and Shanghai, a few megacities, other cities need to open up and settle down restrictions.

At present, the difference between the resident population and the registered population is more than 5 million people. There are 6 cities in Shanghai, Beijing, Shenzhen, Dongguan, Guangzhou, and Tianjin. Among the 2-5 million people, there are 5 cities in Suzhou, Foshan, Wuhan, Zhengzhou, and Ningbo.There are 15 cities with 1 to 2 million people and 18 cities with 500,000 to 1 million people.

The 44 cities mentioned above may be municipalities directly under the Central Government, provincial capitals, and cities with separate plans, or developed cities in the Yangtze River Delta, the Pearl River Delta, and the west side of the Strait.

In recent years, under the background of the reform of the household registration system and the “grabbing war”, the registered population of some large cities has grown rapidly.

In 2018, the registered population of Xi’an, Chengdu, Wuhan and Guangzhou increased by 86 compared with the previous year.

6, 40.

8, 30.

1, 29.

80,000 people, mainly due to the increase in household registration machinery.

2.

3 population potential: people follow the industry, the first and second tier industry foundation and potential highlight the first and second tier cities to 25.

5% of the population created 46.

5% of GDP, the potential for population agglomeration is great.

The current first-tier city is 5.

2% of the population created the country12.

3% of GDP, 20 in second-tier cities.

3% of the population created 34.

With a GDP of 1%, the population share of the third-tier cities and the economic share are basically the same, respectively 33.

9%, 34.

0%, the population expenditure of fourth-tier cities clearly exceeds the economic share, which are 39.

7%, 24.

5% (due to statistical problems, the total regional GDP differs from the national total).

From the perspective of economic-population ratio, in 2017, the number of cities in the first, second, third, and fourth tiers was 2, respectively.

4, 1.
7, 1.
0, 0.

6; From the perspective of the tertiary industry-population ratio excluding the industrial factor, in 2017, the number of first-, second-, third-, and fourth-tier cities was 3 respectively.

2, 1.

7, 0.

8, 0.

5.
From the perspective of economic growth, from 2015 to 2017, the average annual economic growth rate of first-tier, second-tier, third-tier, and fourth-tier cities was 7 respectively.

5%, 7.

9%, 7.

8%, 6.

8%, the fourth-tier economy has a small base, but the growth rate is still weak.

From a regional perspective, the areas with relatively low economic growth in recent years are the areas where water has been squeezed by data such as Liaoning and Shanxi, and remote areas such as Northeast and West, where the economic growth rate is mostly below 6%; while in many central regions, the economic growth rate is 8Between -10%, more than 10% in parts of the southwest.

Generally speaking, the population of the future will continue to converge towards metropolitan areas and regional central cities, and the population of third- and fourth-tier cities will continue to change in the future.

  In terms of industrial innovation, the top effect of first- and second-tier cities is obvious, with absolute highlands in the depths of Beijing, Shanghai, and Hangzhou, Guangzhou, Suzhou, Nanjing, and Chengdu.

The urban difference of industrial innovation is more obvious than the economic strength. This is mainly because innovation requires a high degree of concentration to be more efficient.

Judging from the number of A + H-share listed companies reflecting leading enterprises, Beijing accounts for 10% of the country.

7%, Beijing, Shanghai and Shenzhen combined accounted for 27.

5%, a total of 69 in the first and second tier cities.

9%.

From the perspective of the number of invention patents granted, Beijing has occupied the country’s top 14 because of its advantages in production, education and research resources.

4%, Beijing, Shanghai and Shenzhen accounted for 26 in total.

8%, the proportion of first- and second-tier cities reached 75.

5%.

The third-tier cities that rank relatively high in terms of industrial innovation are mainly Shaoxing, Changzhou, Taizhou, Jiaxing, Zhuhai and other cities in the Yangtze River Delta and the Pearl River Delta.

  In terms of transportation location, the number of high-speed trains at the high-end of the first- and second-tier urban transportation hubs is 740 and 149, respectively. The eastern region benefits from natural geography and the first to develop strategic transportation infrastructure.

From the perspective of physical geography, the eastern coastal areas have the first-mover advantage.

Under the strategy of the first development in the east, the transportation infrastructure such as high-speed rail and expressways has developed rapidly, especially in the Pearl River Delta, Yangtze River Delta, Beijing, Tianjin and Hebei.

From the perspective of high-speed rail accessibility, the average daily high-speed rail services of first-, second-, third-, and fourth-tier cities are 974, 460, 155, and 54; currently, 107 cities have not opened high-speed rails, mainly in the central and western regions.

In terms of the number of trips from the beginning to the end of the high-speed railway day, the average number of first-, second-, third-, and fourth-tier cities is 740, 149, 17, and 6 respectively, of which Guangzhou, Shanghai, Beijing, Shenzhen, Chengdu, Wuhan, Chongqing, Tianjin, Tianjin, Changsha, and Xi’an rank among the top ten in the country.

From the perspective of highways, the difference in road network density between first-tier and second-tier cities and third-tier and fourth-tier cities is still very obvious, which are 1001, 506, 330, and 99 km / 10,000 square kilometers respectively. Fourth-tier cities are only 10% of first-tier cities.

In 2016, the National Development and Reform Commission’s “Medium and Long-term Plan for the Railway Network” required that on the basis of the “four vertical and four horizontal” high-speed railways, a “eight vertical and eight horizontal” main passage be used as a skeleton, regional connection lines be connected, and intercity railways be replaced.High-speed railway network.

Among them, the eight verticals refer to the coastal passage, the Beijing-Shanghai passage, the Beijing-Hong Kong (Taiwan) passage, and Beijing-Harbin?
Beijing-Hong Kong-Macao Channel, Hunan Channel, Beijing-Kunming Channel, Bao (Silver) Sea Channel, Lan (West) -Guangzhou Channel; Baheng refers to Suiman Channel, Jinglan Channel, Qingyin Channel, Along the Yangtze River Channel, Shanghai-Kunming Channel, XiamenChongqing channel, Guangkun channel.

  In terms of public resources, quality education in first- and second-tier cities, intensive medical resources, and urban rail transit improve urban operating efficiency.

Public resources are supporting the development of the industry. High-quality public resources are obviously attractive to the population.

From the perspective of education, municipalities and provincial capitals often have the highest quality primary and secondary school and higher education resources in the region. The number of 985/211 universities in total accounts for 81% of the country, and the number of college students owns 58% of the country;Beijing, Tianjin and Shanghai rank among the top three in the country in terms of a college entrance rate.

From the perspective of medical resources, the number of practicing (assistant) physicians per 1,000 population in the first-, second-, third-, and fourth-tier cities was 3.

2, 3.

1,2.
2, 1.

9, and the quality of medical resources is vastly different, the country’s best quality medical resources are mainly concentrated in first-tier and second-tier cities.
From the perspective of urban rail transit, according to the latest approvals from the official websites of the city subway companies and the Development and Reform Commission, as of March 2019, there were 35 cities with urban rail transit (excluding trams) in the country, and the number of cities that had been approved for non-opening increasedTo 45.

Tier 2 cities in Taiyuan, Hohhot, Nantong, Quanzhou, and Yantai have not yet opened urban rail transit, and Tier 3 cities are currently only open in Wenzhou.

In addition to the three second-tier cities in Taiyuan, Hohhot, and Nantong that have been approved for opening subways, they include seven third-tier cities including Baotou, Xuzhou, Changzhou, Shaoxing, Jinhua, Wuhu, and Luoyang.

2.

4 Purchasing power: The absolute purchasing power of first- and second-tier cities is relatively high, and the relative purchasing power is only the per capita storage of first-tier cities, and the disposable income is as high as 11.

5, 6.

60,000 yuan, far higher than other cities.
Absolute purchasing power is completely disposable income, and should also include per capita savings deposits. Although the current “storage and moving” phenomenon is obvious, it still reflects the relevant situation.

Judging from the per capita savings deposits of urban and rural residents, the number of Tier 1 and Tier 2 cities in 2017 was 11.

5, 6.

60,000 yuan, 4 for third-tier and fourth-tier cities.

1, 3.

20,000 yuan.

From the perspective of disposable income of urban residents, the number of Tier 1 and Tier 2 cities in 2017 was 6.

4,4.

50,000 yuan, third-tier and fourth-tier cities are 3 respectively.

6, 3.

10,000 yuan.

In addition, Baotou, Ordos, Hohhot and other resource-based cities have higher per capita deposits and disposable income.

  First-tier, second-tier, third-tier, and fourth-tier cities have house price incomes of 20 respectively.

8, 10.

6, 8.

4, 6.

0 years; but because of insufficient land supply in first-tier cities, housing prices are not determined by median income people, but by high-income people.

In 2017, first-tier, second-tier, third-tier and fourth-tier cities had house price income of 20 respectively.

8, 10.

6, 8.

4, 6.

In 0 years, the inter-city differentiation was significant, which is consistent with the higher housing price income in other core cities around the world.

Among them, the price-to-income ratio of Beijing, Shanghai and Shenzhen is 26.

5, 22, 21.

4 years; housing prices in second and third-tier cities in Sanya, Xiamen, and Fuzhou are also high, at 31.

2, 24.

2, 21.

For five years, Sanya was a national tourist city, and house prices were mainly affected by the purchase of houses by outsiders.

In principle, in markets where supply and demand are basically balanced, house prices are determined by median income people; in markets where supply is significantly greater than demand, house prices are determined by low-income people; in markets where supply is significantly less than demand, housing is determined by high-income peopleDecide.
Moreover, it is obviously different from foreign countries. Due to cultural differences, there is a “six wallets” phenomenon in Chinese people ‘s house purchase, that is, parents and other children ‘s financial support usually resist each other, which usually deviates from the traditional house income ratio.

However, considering the fact that the indicators and data cannot be better relative to the purchasing power in reality, the ratio of house price to income is still used here.
2.

5 Housing supply: Housing supply in first- and second-tier cities is tight, and financial dependence on land in second- and third-tier cities is high. Housing supply in first- and second-tier cities is tight.
97, 1.

02, there is excess risk in the Northeast, and the ratio of occupants exceeds 1.
.

1.
We reported in November 2018, “China’s Housing Stock Estimation: Surplus or Surplus?

》 Public housing unit ratios of provincial and prefecture-level units in 2017 were published.

By region, in 2017, the ratio of urban occupants in the eastern, central, and western regions, including students and their dormitories, was 0.

99, 1.

05, 1.

03, 1 in Northeast China.

13; The ratio of households excluding students and their dormitories in the eastern, central, and western regions is 1.

02, 1.

09, 1.

08, 1 in Northeast China.

17.

In terms of lines, the occupancy ratio (including students and their dormitories) in the first-, second-, and third- and fourth-tier cities in 2017 was 0.

97, 1.

02, 1.

06. Housing supply in first- and second-tier cities is tight.

Of the 336 prefecture-level units nationwide (excluding Sansha), in 2017, 89 cities had a home ownership ratio of less than 1, accounting for 26.

5%; there are 157 cities with a residential unit ratio of 1.
.

0-1.

Between 1, accounting for 46.

7%; the ratio of households in 72 cities is between 1.

1-1.

Between 2 accounts for 21.

4%; the ratio of households in 18 cities is higher than 1.
.

2, accounting for 5.

4%.

  In the east and central regions, the financial dependence of land is relatively high, which are 57% and 52% respectively; the second- and third-tier cities are 64% and 50%, respectively, which are higher than those of the first- and fourth-tier cities.

To a certain extent, the degree of land financial dependence means that local governments depend on house prices.

In terms of different regions, the land financial dependence (land transfer income / local general public budget income) in the eastern and central regions in the past three years was 57% and 51, respectively.

7%, higher than 31 in the west and northeast.

6%, 19.

4%.

This is due to the relatively weak demand in the west and northeast, and the ability of real estate to stimulate the economy is limited.
In terms of lines, the land financial dependence of second- and third-tier cities in the past three years was 64.

2%, 49.

5%, higher than 42 in first-tier cities.

2% and 35% in fourth-tier cities.

Among them, Shanghai and Shenzhen’s land financial dependence were 25% and 26%, while Beijing and Guangzhou reached 50% and 68%.
Of the 336 prefecture-level units (excluding Sansha) in the country, 16 cities have financial dependence on land greater than 100%, accounting for 4%.

8%; 31 cities are between 70% and 100%, accounting for 9%.

2%; there are 98 cities between 40% -70%, accounting for 29.

2%; there are 191 cities below 40%, accounting for 56.

8%.

3 Market: When will the top 100 cities be best laid out in 2019?

  3.

1 List overview: Top 100 development potentials are divided into 3 levels. Based on fundamental analysis, we have classified the Top 100 Development Potentials into 3 levels based on market conditions. Among them, 15 cities including Shenbei, Shangguang, and Chengdu are listed as first.25 cities are second gear, and Lanzhou, Xuzhou and other 60 cities are third gear.

The market is composed of four indicators: the inventory removal cycle, the demand overdraft rate, the housing price cycle, and the land price to housing price ratio.

We first divided the top 100 cities with three development potentials according to the development potential index, and then analyzed the market-oriented indicators to upgrade the cities with better current market trends, leaving other cities unchanged.

  3.

2 Volume and price trends: Demand in some third and fourth tier cities is clearly overdraft, transaction volume in some first and second tier cities is picking up, and house prices are stabilizing. In the early stage, sales volume surged due to the monetization of the shed, and some third and fourth tier cities lacking fundamental supportDemand overdraft risk.

For example, the sales growth rate of a city in the past 3-5 years has been below 20%. With little change in the fundamentals, the sales growth rate of a certain year has soared to about 50% and above. Such cities have a short-term existence.The risk of overdraft of demand is mainly from the third-tier and fourth-tier cities stimulated by the monetization of the shed reform.

Since 2017, sales of commercial housing in first-tier cities have declined significantly, and second-tier cities have remained basically the same. Third-tier and fourth-tier cities have continued to increase their share of housing by monetization and resettlement.

The sales volume of various tier cities has a rotating characteristic. The sales area of commercial residential buildings in first-tier cities increased by 14% in 2015, 10% and 26% in 2015 in second-tier cities, 26% in 2016, and 22% in third- and fourth-tier cities in 2016 and 2017.%, 13%, some of the third- and fourth-tier cities lacking fundamental support are obviously overdraft.

  From the perspective of the housing price cycle, housing prices in some first-tier and second-tier cities and surrounding areas that have undergone significant adjustments in the early stage will gradually stabilize, such as insufficient supply or some growth pressure.

From historical experience, in the past, housing prices in a large number of cities existed in a small cycle of about three years, rising a period of adjustment and a period of time. Behind the small cycle are changes in real estate, local dependence on land finance, demand release and overdraft.

From 2015 to 2016, housing prices in some cities in the Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta and some provincial capital cities have been in a downturn for more than 2 years. At present, the transaction volume has improved and the market has gradually stabilized.

The first-tier cities include Beijing, Shanghai, Guangzhou and Shenzhen, the second-tier cities include Tianjin, Nanjing, Wuxi, Suzhou, Hangzhou, Jinan, Zhengzhou, Wuhan, Dongguan, etc. The third-tier cities include Langfang, Wenzhou, Jiaxing, Zhuhai, Huizhou, and Zhongshan.Wait.
In some early stages, housing prices have been mainly stimulated by the monetization of the shed reform. At the same time, third- and fourth-tier cities lacking fundamental support have certain adjustment risks.

  3.

3 Inventory removal: In the western region, the overall inventory risk of fourth-tier cities is relatively high. From the perspective of available inventory, the inventory de-removal cycles of the first-tier, second-tier, and third-tier and fourth-tier sample cities in March 2019 were 11.

7, 10.

5, 11.

In four months, the destocking cycle of third- and fourth-tier cities has increased since the second half of 2018.

The availability of saleable commodity housing data is poor, and we selected the sample cities for analysis.

4 cities for first-tier cities: Beijing, Shanghai, Guangzhou, Shenzhen, 16 cities for second-tier cities: Tianjin, Chongqing, Nanjing, Wuhan, Chengdu, Suzhou, Xiamen, Xi’an, Changsha, Ningbo, Fuzhou, Qingdao, Changchun, Hangzhou, Jinan,Nanchang, the third and fourth tier cities selected 9 cities: Xuzhou, Putian, Dongying, Wuhu, Jiaozuo, Nanping, Sanming, Luzhou, Anqing.

Since 2015, thanks to the shed reform monetization policy, the destocking cycle of sales in third- and fourth-tier cities has continued to decline. The lowest period in May-June 2018 is less than 7 months, but it has gradually increased.

In March 2019, the first, second, and third- and fourth-tier cities’ saleable commercial housing de-recycling cycles were 11 respectively.

7, 10.

5 and 11.

4 months.

It should be noted that the inventory de-removal cycle is very sensitive to sales. The sales volume of commodity housing in some cities is currently at historical low levels. Once the transaction is warmed up, the de-recycling cycle will obviously decline.

  From the perspective of general inventory, in the western region, the inventory of fourth-tier cities is relatively high, and the land digestion cycle in 2017 was 2 respectively.

5, 2.
1 year.
In view of different regions, the inventory in the eastern, central and northeast regions continued to improve, and the inventory improvement in the western region was obviously insufficient.

In 2017, the digestion cycle of land in the eastern, central and northeastern regions was all 1.

15-1.

35 years, compared to 2 in the western region.
5 years.

Looking at the dividing line cities, in 2017, the land digestion cycles of first-, second-, third-, and fourth-tier cities were 0.

8, 0.

9, 1.

2, 2.

1.
Although first-tier cities were affected by the tightening of the reorganization started in 930 in 2016 and market sales continued to cool, the land digestion cycle was basically less than 1. The fourth-tier cities had weak sales and continued to increase land supply, and there were still inventory risks.

3.

4 Land acquisition costs: Land prices and housing prices have fallen compared to the overall situation, and a few cities are still relatively high. Recently, land transactions have picked up.

In the 2018 sample of 100 cities, the premium rates for residential land transactions in first-tier, second-tier, and third-tier and fourth-tier cities were 6, respectively.

1%, 12.

5%, 18.

1%, compared with 21 in 2017.

9%, 38.

3%, 45.

3% clearly interfered.

However, from the recent half-year data, land transactions have picked up. In March 2019, the premium rates for residential land transactions in the first-, second-, and third- and fourth-tier cities were four.

2%, 21.

6%, 21.

4%, of which second-tier cities have been on the rise for 4 consecutive months, and third- and fourth-tier cities have been on the rise for 5 consecutive months.

  The land price and housing price ratio have fallen, but the cost of land prices in a few cities is still high.

In 2018, the land price and housing price ratios of first, second, third, and fourth tier cities were 29%, 25%, 19%, and 13% respectively. Except that first-tier cities increased slightly by one compared with 2017, second-, third-, and fourth-tier cities fell by 7 respectively., 5, 2 subdivisions (because the price data for new houses at the prefecture level are incomplete, and the second-hand housing prices are used for analysis, the estimated land price-to-price ratio may be low).

Although the land price and housing price ratios of the various cities are not significantly different, the differences between specific cities are huge.

In addition, the current “price-limit, bid-for-price” land transfer model promoted by some cities has effectively stabilized the price of new homes, but it is easy to cause new homes to be snapped up under insufficient supply.

4 Embracing urban agglomerations and grasping the megatrends Urban agglomerations led by central cities are transforming production efficiency, saving land and energy, and are the main platforms that support China’s economic growth and development, and are the focus of China’s current and future development.

According to the fundamental ranking, 96 of the top 100 cities with development potential in 2019 are located in 19 major urban agglomerations, of which 54 are in 24 million-level metropolitan areas.

In November 2018, the State Council’s “Opinions on the Establishment of a New Mechanism for a More Effective Regional Coordinated Development” called for the establishment of a central city to lead the development of urban agglomerations, and urban agglomerations to drive a new model of regional development and promote the integration and interactive development of regional plates.

Based on the permanent population in the urban area of the Ministry of Housing and Urban-Rural Development, the cities are divided into seven categories: more than 10 million, 5-10 million, 3-5 million, 1- 3 million, 500,000-1 million, 200,000-500,000, and less than 200,000.

From the perspective of per capita production efficiency, the per capita GDP by size has been decreasing from large to small; cities with more than 10 million people have 14 million GDP per capita, which is 2 to 3 million cities.

One time, about five times that of cities with less than 200,000 people.
From the perspective of per capita urban construction land, large cities obviously save more land resources, and the per capita GDP creation by scale shows an increase in scale from large to small. In 2017, the per capita construction land in cities over 1,000 years was only 74.

5 square meters, while cities with 1 to 3 million and below 200,000 are 117 respectively.

3, 135.

5 square meters.

  At the scale of the urban agglomeration, the core of the 19 urban agglomerations lies in five urban agglomerations, including Beijing, Tianjin and Hebei, the Yangtze River Delta, the Pearl River Delta, the middle reaches of the Yangtze River, and Chengdu and Chongqing.
The 2014 National New Urbanization Plan (2014-2020) and the 13th Five-Year Plan require the construction of the Yangtze River Delta, the Pearl River Delta, Beijing-Tianjin-Hebei, the Shandong Peninsula, the west coast of the Strait, Harbin, Central and South Liaoning, Central Plains, and the middle reaches of the Yangtze River19 urban agglomerations, including Chengyu, Guanzhong Plain, Beibu Gulf, central Shanxi, Hubao Eyu, central Guizhou, central Yunnan, Lanzhou-Xining, Ningxia along the Yellow River, and the northern slope of the Tianshan Mountains.

Among them, the Yangtze River Delta, the Pearl River Delta, and the Beijing-Tianjin-Hebei urban agglomerations are the three most mature ones, with 23% of the country’s 5% land area.

3% of the population created 39.

3% of GDP has become the main platform for China’s economic growth and development and participation in international economic cooperation and competition, and has now risen to the national strategy.

In addition to the three major urban agglomerations, Chengdu, Chongqing and Wuhan with Chengdu as the core, the middle reaches of the Yangtze River have the most potential for development.
2% of the land area gathered 15.

5% of the population created 15.

6% of GDP.

Usually it is the Shandong Peninsula, the west coast of the Straits, the Central Plains, the Guanzhong Plain, Hachang, and central and southern Liaoning.

It is estimated that by 2030, about 80% of China’s 2 billion new urban population will be distributed in 19 urban agglomerations, of which about 60% will be distributed in the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, the middle reaches of the Yangtze River, Chengdu-Chongqing, Central Plains, ShandongSeven major urban agglomerations, such as the Peninsula (see Evergrand Research Institute’s July 2018 report “Migration of China’s Population”).

  In the metropolitan area coefficient, 24 metropolitan areas with a population of 10 million or more are 6.
.

7% of the land gathers 33% of the population to create about 54% of GDP. Among them, Shanghai, Beijing, Shenzhen Wanhui, Guangfozhao and other metropolitan areas have obvious development potential.

The development of the current mainstream urban agglomerations is immature, and the production factors of some core cities are clearly overflowing to the surrounding areas. The central government has taken the metropolitan area with large cities as the core as a breakthrough point and a starting point for the construction of urban agglomerations.

In February 2019, the National Development and Reform Commission issued the Guiding Opinions on Promoting the Development of a Modern Metropolitan Area. This is China’s first central document with the theme of the “Metropolitan Area”, which requires the promotion of the foundations of large cities and surrounding areas for the same city.The integration of facilities, the strengthening of industrial division and collaboration among cities, the acceleration of the construction of a unified and open market, and the promotion of co-construction and sharing of public services, including the creation of a one-hour commute circle based on rail transit.

According to the relevant urban agglomeration plans and relevant local plans, China currently has 10 metropolitan areas with more than 20 million people, including Shanghai, Beijing, Guangfo Zhao, Hangzhou, and Shen Wanhui, and 14 1000 cities such as Chongqing, Qingdao, and Xiaquanzhang.10,000 to 20 million metropolitan areas.

There are 24 10 million-level metropolitan areas nationwide.

7% of the land gathers about 33% of the permanent population and creates about 54% of GDP.

From the perspective of development potential, Shanghai, Beijing, Shenzhen Wanhui, and Guangzhou-Foshan-Zhaozhou metropolitan areas are in front, followed by Su Xichang, Tianjin, Nanjing, Changzhutan, Hangzhou, and Chongqing.

It should be noted that some metropolitan areas overlap, and some Shanghai metropolitan areas and Hangzhou metropolitan areas overlap.

  Outside of the 24 metropolitan areas, there are still two types of third- and fourth-tier cities that deserve attention: the first group is third- and fourth-tier cities with outstanding economic strength in the eastern region, many of which are located inside urban agglomerations, such as Wenzhou, Zhuhai, Zhongshan, and Xuzhou, Haikou, Jinhua, Tangshan, Taizhou, Baoding, Weihai, etc.

Zhuhai, Zhongshan is the central city on the west bank of the Pearl River Estuary, with a population of 958 at the end of 2017.

70,000, is expected to become the next million-level metropolis.

Wenzhou, a coastal industrial and trade city with a developed coastal economy in Weihai; Tangshan and Baoding are located in the “Beijing, Tang and Qin” and “Beijing Baoshi” industrial development belts in the “three axes” of the Beijing-Tianjin-Hebei coordinated development space layout.

The only city in this category that is not in the 19 largest urban agglomerations is Xuzhou, the central city of the Huaihai Economic Zone.

In the “Huaihe Ecological Economic Belt Development Plan” of the National Development and Reform Commission in 2018, the “Huaihai Economic Zone in the North” part of the National Development and Reform Commission clearly stated: “Efforts should be made to improve the radiation-driven capacity of the central city of Xuzhou, and play the role of the eastern starting point of the Lianyungang New Asia-Europe Continental Bridge Economic Corridor and the land-sea interchange hub.And promote the coordinated development of the Huaihai Economic Zone “, and is defined as the Huaihai Economic Zone including Xuzhou as the core of 3 provinces and 10 cities, with an area of 8.
.

90,000 square kilometers.

  The second category is the central and western regional central cities that are far away from the central big cities and have large population in the jurisdiction or hinterland, such as Luoyang, Baotou, Yinchuan, Ordos, Yueyang, Mianyang, Hengyang, Anyang, Guangan, Suining, Liuzhou, NanyangEtc. Most are also located in urban agglomerations.

Among them, Yinchuan is the provincial capital, Luoyang, Baotou, Ordos, Yueyang, Hengyang, Liuzhou, and Nanyang are the provincial sub-central cities of the province.

In addition, Yichang, Changde, Zunyi, Xiangyang, Ganzhou and other local central cities currently do not have one of the top 100 cities with development potential, but in the long run it is still sufficient for certain development potential.

  Source: Zeping Macro Articles: Ren Zeping, Evergrande Research Institute, Xiong Chai, Yan Kai, Li Zhenhui, Bai Xuesong Interns Jiang Wenkun, Gu Caixin, Xu Zheng, etc. have contributed here