By 2025, three of the world’s richest cities will be in China
The McKinsey Global Institute explains what the new world order will look like in 2025: Just 600 cities will be responsible for about 60 percent of global GDP growth. And while urban centers in the United States, Europe*, and Japan are still dominant, cities in China and India, in particular, will have an outsized role in the global economy:
McKinsey points out that population growth and an accompanying expansion in the workforce will fuel many of these changes: “By 2025, the City 600 will be home to an estimated 310 million more people of working age — and account for almost 35 percent of the expansion of the potential global workforce. Almost all of this increase is likely to be in the cities of emerging-markets — and two-thirds in the leading cities of China and India.”
* Rhein-Ruhr is the largest metropolitan area in Germany.