
World cities are primary, while Global ones are secondary forming of world cities is caused by historical and geographical factors as well as by development of trade as global cities due to innovations, technologies and strengthening of financial relations.Ī global city is a city that serves as a primary node in the global economic network. Headquarters of several multinational corporations. They have some of the following characteristics: A variety of international financial services, notably in finance, insurance, real estate, banking, accountancy, and marketing. Eight world city rankings have been published, with the latest released on Friday.World cities are urban areas with an important role in the global economic system. The GaWC think tank has released the world city rankings every two or four years since 2000. Zhengzhou, Henan province, and Xi'an, Shaanxi province, were shortlisted to the rank of beta-minus city for the first time, and Chongqing was raised from beta-minus to beta level. In addition, 12 Chinese cities across the country were listed as beta-level global cities, the second tier.

Of the six, Hong Kong, Shanghai and Beijing were listed as Alpha-plus cities, while Guangzhou, Taipei and Shenzhen were selected as Alpha-minus. In the 2020 World City List, six Chinese cities were listed among alpha-level global cities, the first tier.

More than 700 cities worldwide were evaluated. Ī ranking of global cities based on connectivity in their production and service industries was released on Friday on the website of the Globalization and World Cities (GaWC) Research Network, a think tank at Loughborough University in the United Kingdom.Ĭities were divided into four major levels - alpha, beta, gamma and sufficiency - based on how six production service agencies involving banking, insurance, law, consultative management, advertising and accounting are stationed.

Skyscrapers border the lush green landscaping in Shenzhen's central business district.
