CHAMPS
Encyclopedia
CHAMPS is an acronym that represents the top 20 emerging cities in China. It was coined in October 2010 by Stephen Joske, Director, China Forecasting, for the Economist Intelligence Unit
. It was created to support a report conducted by the Economist Intelligence Unit’s Access China Service, ‘CHAMPS: China’s fastest-growing cities’. These cities are favoured for several reasons, including the breadth of business opportunities available, the on-going construction boom, rising home and vehicle ownership and spending on personal appliances.
, and was released to the public along with a detailed report and accompanying infograph in November 2010. Although the term only uses six of the top 20 emerging cities, it represents all twenty.
The cities that are part of this group are considered to be very promising because over the next decade, their population will grow by approximately 30% to 85 million, making central China a global hotspot for business opportunity. The CHAMPS highlight the breadth of business opportunities available, fuelled by the on-going construction boom, rising home and vehicle ownership, and spending on personal appliances.
’s Access China service produced a report on the demand for housing in China over the next decade. ‘Building Rome in a day: The sustainability of China’s housing boom’ forecasts the population and average income in nearly 300 Chinese cities, and the implications of this for housing demand. The report states that ‘with China’s property market being an important global economic indicator, China’s housing boom will present opportunities for investors in sectors such as furniture, cars and building materials.’
Economist Intelligence Unit
The Economist Intelligence Unit is part of the Economist Group.It is a research and advisory company providing country, industry and management analysis worldwide and incorporates the former Business International Corporation, a U.S. company acquired by the parent organization in 1986...
. It was created to support a report conducted by the Economist Intelligence Unit’s Access China Service, ‘CHAMPS: China’s fastest-growing cities’. These cities are favoured for several reasons, including the breadth of business opportunities available, the on-going construction boom, rising home and vehicle ownership and spending on personal appliances.
Origins of the term
The acronym was coined by Stephen Joske, Director, China Forecasting, for the Economist Intelligence UnitEconomist Intelligence Unit
The Economist Intelligence Unit is part of the Economist Group.It is a research and advisory company providing country, industry and management analysis worldwide and incorporates the former Business International Corporation, a U.S. company acquired by the parent organization in 1986...
, and was released to the public along with a detailed report and accompanying infograph in November 2010. Although the term only uses six of the top 20 emerging cities, it represents all twenty.
Cities used in the acronym
- ChongqingChongqingChongqing is a major city in Southwest China and one of the five national central cities of China. Administratively, it is one of the PRC's four direct-controlled municipalities , and the only such municipality in inland China.The municipality was created on 14 March 1997, succeeding the...
Municipality - HefeiHefeiHefei is the capital and largest city of Anhui Province in Eastern China. A prefecture-level city, it is the political, economic, and cultural centre of Anhui...
, AnhuiAnhuiAnhui is a province in the People's Republic of China. Located in eastern China across the basins of the Yangtze River and the Huai River, it borders Jiangsu to the east, Zhejiang to the southeast, Jiangxi to the south, Hubei to the southwest, Henan to the northwest, and Shandong for a tiny... - AnshanAnshanĀnshān is the third largest prefecture level city in Liaoning province of China. Situated in the central area of the province, Anshan is about 92 km south of Shenyang, the province's capital. Anshan is on the boundary between the Mountains of eastern Liaoning and the plains of the west...
, LiaoningLiaoning' is a province of the People's Republic of China, located in the northeast of the country. Its one-character abbreviation is "辽" , a name taken from the Liao River that flows through the province. "Níng" means "peace"... - Ma'anshanMa'anshanMa'anshan , also written as Maanshan, is a prefecture-level city in the east of Anhui province in Eastern China. An industrial city stretching across the Yangtze River, Ma'anshan borders Hefei to the west, Wuhu to the southwest, and Nanjing to the east...
, Anhui - PingdingshanPingdingshanPingdingshan , also known as the Eagle City, with approximately 5.2 million inhabitants is a prefecture-level city in central Henan province, People's Republic of China.-Geography:...
, HenanHenanHenan , is a province of the People's Republic of China, located in the central part of the country. Its one-character abbreviation is "豫" , named after Yuzhou , a Han Dynasty state that included parts of Henan... - ShenyangShenyangShenyang , or Mukden , is the capital and largest city of Liaoning Province in Northeast China. Currently holding sub-provincial administrative status, the city was once known as Shengjing or Fengtianfu...
, Liaoning
Implications
The report was created by taking a look at China’s 287 prefecture-level cities and forecasting their respective populations using a unique methodology that adjusts for urbanisation and flows of migrant labour within China. They checked all cities with a population of less than 1 million by 2014, and ranked the remaining 86 cities by a variety of growth measures, including their own forecasts of population and real GDP growth to create the finalised top 20 emerging cities.The cities that are part of this group are considered to be very promising because over the next decade, their population will grow by approximately 30% to 85 million, making central China a global hotspot for business opportunity. The CHAMPS highlight the breadth of business opportunities available, fuelled by the on-going construction boom, rising home and vehicle ownership, and spending on personal appliances.
April 2011 report
On April 6, 2011 the Economist Intelligence UnitEconomist Intelligence Unit
The Economist Intelligence Unit is part of the Economist Group.It is a research and advisory company providing country, industry and management analysis worldwide and incorporates the former Business International Corporation, a U.S. company acquired by the parent organization in 1986...
’s Access China service produced a report on the demand for housing in China over the next decade. ‘Building Rome in a day: The sustainability of China’s housing boom’ forecasts the population and average income in nearly 300 Chinese cities, and the implications of this for housing demand. The report states that ‘with China’s property market being an important global economic indicator, China’s housing boom will present opportunities for investors in sectors such as furniture, cars and building materials.’