China's economic miracle appears alive and well in Hefei. Home to about 9.6 million people, the inland city saw its GDP grow by more than 8% a year on average from 2012 to 2022, according to an article of The Economist magazine.
The city's success owes much to what some call the "Hefei model", the report said, adding that it has fostered industries like high-end manufacturing, electric vehicles, biotech and semiconductors.
Whatever local officials have been doing, it appears to be "the right mix of industrial policy and private-sector mojo," says Robin Xing, an economist at Morgan Stanley and a Hefei local.
Produced by Xinhua Global Service ■
