Chinese cities to join list of largest municipal economies

Chinese cities are predicted to grow and join the company of the world’s largest municipal economies by 2030, Bloomberg reported, citing a paper by Oxford Economics. At that time, nine Chinese metropolises will be part of the world’s 50 largest municipal economies. Of the 10 cities forecast to grow the most by gross domestic product, seven are in China, including Tianjin, Beijing, Guangzhou, Shenzhen and Suzhou. But a shrinking pool of rural workers, rising local-government debt and mounting air pollution pose as challenges to the growth of China’s megacities.