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By Liu Jie (China Daily)
Updated: 2007-06-29 08:51

The report also looks at the recent and modern history of international property investment in Chinese cities and the major drivers of growth and the likely time required by each city to progress on to the international stage.

The report highlights five second-tier cities - Suzhou of East China's Jiangsu Province, North China's Tianjin, Hangzhou of East China's Zhejiang Province, Chengdu of Southwest China's Sichuan Province and Dalian of Northeast China's Liaoning Province - that are already making their mark.

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Nanjing, Wuhan, Chongqing, Qingdao, Shenyang, Dongguan, Xiamen and Xi'an have also been successful in growing their indigenous businesses and attractingforeign direct investment.

Some third-tier cities, notably Harbin, Fuzhou, Wuxi, Jinan, Ningbo, Zhengzhou, Changchun and Changsha are putting in place the conditions to create a solid economic profile and are beginning to taste success in creating real estate demand.

Other third-tier cities such as Kunming, Nanning, Nanchang, Hefei and Changzhou are poised to realize their full growth potential based on a mix of strengths, and in some cases, developing specializations.

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