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Economy

China's cities to rise to the top ranks by 2035

Forecast has Beijing and Shanghai just behind London and Tokyo by GDP

Shanghai's Pudong financial district   © Reuters

TOKYO China's four economic centers, Shanghai, Beijing, Guangzhou and Tianjin, will be among the world's 10 largest cities in terms of gross domestic product by 2035, but they will still trail New York, Tokyo and London, according to the latest forecast by Oxford Economics.

The U.K. research company with links to Oxford University examined how 780 of the largest cities in the world -- which accounted for 35% of the world population and 59% of global GDP in 2016 -- will change in terms of economic growth by 2035. The aggregate GDP of the 780 cities is expected to increase at an average of 2.9% annually.

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