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China's third-largest city by population, Tianjin, is home to 17 million people, and part of the Jingjinji megaregion. With its GDP rising by 71% in constant value terms over 2011-2016, Tianjin was the fastest-expanding among Euromonitor's 126 world cities. Its economy focuses on manufacturing, but the city is transforming into a more service-oriented economy, with an emphasis on business services.
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Tianjin's labour productivity exceeded the average for the rest of the country by 111% in 2016. In addition to being the largest commercial port in North China, the city has relatively high levels of higher education attainment (21% of the population aged 15+, compared with 12% in the rest of the country in 2016).
Despite outstanding labour productivity, disposable income per household in Tianjin was only 26% above the average in the rest of the country in 2016. The lower labour force participation rate, of only 68% versus 78% in the rest of the country, and smaller households' size (2.7 versus 3.0) reduces per household incomes in the city compared to the rest of the country.
Consumer spending per household (excluding transport and housing) in the city was USD9,820, 40% higher than in the rest of the country in 2016. Households in Tianjin allocated 46% more to communications, 53% more to health and medical services, and as much as 54% more for hotels and restaurants compared to the rest of the country.
The combined per household expenditure on housing and transport in Tianjin was 30% above the level elsewhere in the country in 2016. Housing is comparatively less expensive in Tianjin (26% more expensive in value terms, but 16% of expenditure versus 17% in the rest of the country) while transport is slightly more costly (8% of expenditure versus 7.6% in the rest of the country).
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