Futian CBD leads nation in GDP growth

Report also finds that district's tax contribution is the highest in the country

The GDP generated in Futian Central Business District in Shenzhen, Guangdong province, came out top of all CBDs in China, followed by the Tianhe CBD in Guangzhou and Beijing's CBD.

That's according to a report on China's CBD development (2016-2017) released by the Institute for Urban and Environment Studies of the Chinese Academy of Social Sciences and China Social Science Academic Press.

Futian CBD's tax contribution also ranked the highest in the country.

The report carried out quantitative and qualitative evaluations based on the data of the 20-plus CBDs in the China CBD Alliance, focusing on five aspects - including economy, industry, intelligence, innovation and openness.

In terms of economic scale in 2015, Futian CBD, Tianhe CBD and Beijing's CBD occupied the top three spots, with the GDP of each exceeding 100 billion yuan ($15.2 billion).

Wuhan's CBD, Hexi CBD in Tianjin, Wulin CBD in Hangzhou, Jing'an CBD in Shanghai and Renminlu CBD in Dalian followed closely.

Futian CBD covers an area of 6.07 square kilometers, the smallest area among the CBDs in Beijing, Shanghai, Guangzhou and Shenzhen.

The GDP of Futian CBD in 2015 reached 262.2 billion yuan, accounting for 14.98 percent of Shenzhen's total.

Futian CBD's total tax contribution in 2015 reached 111.1 billion yuan, topping other CBDs in China.

Beijing's CBD, Tianhe CBD and Jing'an CBD also stood out in tax contributions, with each exceeding 25 billion yuan.

In terms of economic intensity, commercial buildings have become the core driver of economic growth thanks to their high economic density, high added value and great tax contribution.

In 2015, Furong CBD in Changsha, Beijing's CBD, Futian CBD, Hexi CBD, Renminlu CBD, Wulin CBD and Tianhe CBD were all home to over 100 commercial buildings.

A large number of commercial buildings contributed more than 100 million yuan in taxes, with some even contributing 1 billion yuan in taxes.

Again, Futian CBD ranked No 1 in terms of quantity of commercial buildings. Its 69 commercial buildings contributed more than 100 million yuan in taxes each.

Shenzhen Daily provided the story.

(HK Edition 10/20/2017 page22)