Forming of Sustainable City Competitiveness in the PRC

The article describes theoretical principles of international competitiveness of cities. The main methodological grounds of modern models of countries sustainable competitive development are studied. Taking into account the key trends in globalization, the main determinants of forming high competitive status of cities are comprehensively described. Benchmarking of sustainable competitiveness of PRC cities and provinces has been performed, and up-to-date priorities of balanced development of the People's Republic of China PRC have been analyzed. Chinese competitive development strategies has been investigated, and the benchmarking of sustainable competitiveness of Chinese cities has been accomplished. The nature and scale of urbanization processes in China are revealed. The main priorities in the structure of contemporary urbanization strategy of the PRC are defined, being focused on such areas as demographic planning, land management, financial security, residential construction in cities, ecology and environmental protection. The essence of smart cities in the context of their role in formation of local competitive development systems is determined. On the basis of qualitative indicators, the balanced competitiveness of cities of the PRC and the development of smart cities in Chinese provinces has been analyzed. The principles of government influence on the growth of sustainable competitiveness of Chinese megacities is investigated. The supporting evidence is provided for that the main objectives of Chinese megacities development for the next 5 years are to maintain sustainable rates of economic development, to increase the living standards of a specific city population, and to modernize the industrial sector. The strategic priorities for developing individual plans of competitive development for certain cities of the PRC and forming the sustainable competitiveness thereof, are specified.