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Interpretation of China's Urban Hierarchy from the Perspective of Global Capital System

TANG Zilai;LI Can;LI Tao;  
In the process of economic globalization,the linkage between national urban system and global capital system has become increasingly obvious.This paper interprets the primary characteristics of China's urban hierarchy from both the perspective of global capital control and that of global capital service.According to the research findings,China's urban hierarchy based on global capital control and that based on global capital service do not fully overlap.Global capital control measured by headquarter locations of Chinese companies listed in Forbes Global 2000 indicates that China's urban hierarchy displays the national context of institutional arrangement.In contrast,global capital service measured by location strategies of GaWC 175 branch offices suggests that China's urban hierarchy follows general rules of the market economy.However,the central cities and their urban agglomerations of nationwide importance play dominant roles in both forms of urban hierarchies.If global capital service is used as the primary factor and global capital control as the secondary factor,the hierarchy of urban agglomerations in China can be divided into four tiers.Urban agglomerations at the first tier are those of nationwide importance,urban agglomerations at other three tiers include those respectively of high,average and low influence on the regional scale.Particular attention needs to be paid to the T-shaped spatial configuration with urban agglomerations of nationwide importance and those of high influence on the regional scale largely located along either the coastal belt or the Yangtze River belt.
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