Linyi and Economic Trends
Linyi is a prefecture-level city located in East China's Shandong. This city ranks first in the province in terms of population and area and is positioned at the crossroads of two economic circles, the Yangtze River Delta and the Circum-Bohai-Sea. With a population of 11 million and an area of 17,192 square kilometers, it has jurisdiction over three districts, nine counties, and three development zones.
Linyi's economy is based around its wholesale markets, and its logistics network covers all county-level and above cities nationwide, reaching to all ports nationwide. Its main industries are machinery equipment manufacturing, bio-pharmaceutical, wood processing, chemical, and metallurgy.
In 2021, the GDP reached 546 billion RMB, up 8.7 % compared to 2020, while the GDP per capita amounted to 80,000 RMB. The total value of Linyi’s international trade reached 176 billion RMB in 2021, with the exports amounting to 120 billion RMB and the total value of imports to 56 billion RMB.
The Chinese City Tier System consists of a system of tiers used by analysts to classify Chinese cities and rank them in a hierarchy. Cities in different tiers reflect differences in consumer behaviour, income level, population size, consumer sophistication, infrastructure, talent pool, and business opportunity.