Shenzhen and Jakarta shine in city economy forecasts for 2030

China's smartphone hub poised to close in on Tokyo, JCER report finds

20181203 shenzhen skyline

By 2030, Shenzhen will be just behind Tokyo and Seoul in terms of nominal GRP per capita.

MASASHI UEHARA, principal economist, and ERIKO TAKAHASHI, senior economist, Japan Center for Economic Research

TOKYO -- U.S. cities have a firm grip on the ranking of the biggest urban economies on either side of the Pacific, but a power shift lies ahead within Asia, new data from the Japan Center for Economic Research shows.

Singapore was Asia's top city by nominal gross regional product per capita in 2015 and will maintain that position in 2030, according to JCER's Medium-Term Asian Economic Forecast for 2018 through 2030, released on Wednesday.

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