Chongqing sits in the world’s most important new region for important cities: interior China. These interior Chinese cities, notes architect Adam Mayer, offer a healthy alternative to coastal megacities such as Shanghai, Hong Kong, Shenzen and Guangzhou, which suffer from congestion, high prices and increasingly wide class disparities. China’s bold urban diversification strategy hinges both on forging new transportation links and nurturing businesses in these interior cities. For example, in Chengdu, capital of the Sichuan province, new plane, road and rail connections are tying the city to both coastal China and the rest of the world. And the city is abuzz with new construction, including an increasing concentration of high-tech firms such as Dell and Cisco.
India, although not by plan, also is experiencing a boom in once relatively obscure cities. Its rising urban centers include Bangalore (home of Infosys and Wipro), Ahmedabad (whose per-capita incomes are twice that of the rest of India) and Chennai (which has created 100,000 jobs this year). Many of India’s key industries–auto manufacturing, software and entertainment–are establishing themselves in these cities.
The growth of India and China also creates opportunity for other emerging players, particularly in Southeast Asia by creating markets for goods and services as well as investment capital. Potential hot spots include places like Hanoi, Vietnam, which is attracting greater interest from Japanese, American and European multi-national firms upset with China’s often bullying trade practices and rising costs. Malaysia’s capital Kuala Lumpur–with its rising financial sector–also displays considerable promise.
via The World’s Fastest-Growing Cities | Newgeography.com.