What the Appeal of One Fast-Growing City Says About China’s Economy

What the Appeal of One Fast-Growing City Says About China’s Economy

The inland city of Chengdu in southwestern China is often ridiculed for its slow-paced and leisurely lifestyle. It’s portrayed as a haven for slackers, lacking the unrelenting, hardworking culture found in wealthy coastal trade centers like Shanghai, Guangzhou and Shenzhen. For decades, industrious young people left Chengdu, and other landlocked urban centers, to pursue opportunities near the coast, where money poured in as China opened its fact…

Everyone is Moving to Chengdu. What Does That Say About China’s Economy?

Once derided for its slower pace, Chengdu has a surging population and booming real estate market as workers look beyond China’s major coastal cities.