The Wuhan local government, ambitious folk that they are, have announced that their city shall be a ‘world-class cosmopolitan metropolis’ in the ranks of London, Tokyo, or New York before 2050. Residents of Wuhan, while surely proud of their #34 rank on China’s richest cities by per capita GDP, were quick to call out the officials on their bullshit.
The Economic Observer Online reports:
The news failed to impress many Wuhan residents. On one influential local website, the majority of the 700 comments were negative, saying that the Wuhan government must be having wild day-dreams.
The government’s case is based on two factors, which are constantly presented when trying to attract investment. One is Wuhan’s strategic location in Central China, and the other is its advanced higher education. […]
Wuhan does indeed possess some of the best universities in China. However, it also has a serious “brain drain.” Because of the city’s relatively sloppy economic development, the majority of high-value college graduates choose to work elsewhere.
Additionally, the four world-class metropolises the Wuhan government mentioned all exert far-reaching impact on the world’s financial industry. Wuhan, on the other hand, falls far short of attracting foreign investment compared even to Beijing and Shanghai. Many of the world’s top 500 corporations may put sales centers in Wuhan, but few would ever build their headquarters there.
We don’t blame you for trying, Wuhan officials. Perhaps next time you could aim to be “the Colombus, Ohio” of China, instead of the New York City.
[Image via Wikipedia]