The next 15 megacities #12: The ancient capital of China is pulling out all the stops in a bid to defuse its ticking demographic timebomb
Tan Jingquan is exactly the kind of person the ancient Chinese city of Nanjing wants to attract. The 38-year-old had been searching rival cities for possible sites for his biotech startup for years – until the Nanjing government finally made him an offer he couldn’t refuse.
“I visited and explored opportunities in nearly a dozen cities,” recalls Tan, a native of Wuhan in central China. “It turned out Nanjing has the best combination of policy incentives and market potential for small startups.”
By 2035 another 15 cities will have populations above 10 million, according to the latest United Nations projections, taking the total number of megacities to 48.
Link : Chinese city seeks young blood: how ageing Nanjing lures new talent