CHAMPS (Chongqing, Hefei, Anshan, Ma'anshan, Pingdingshan and Shenyang) is an acronym that represents the top 20 emerging cities in China.
These cities are favoured for several reasons, including the breadth of business opportunities available, the ongoing construction boom, rising home and vehicle ownership and spending on personal appliances.
The acronym was coined by Stephen Joske, Director, China Forecasting, for the Economist Intelligence Unit, and was released to the public along with a detailed report and accompanying infographic in November 2010.
The cities that are part of this group are considered to be very promising because over the next decade, their population will grow by approximately 30% to 85 million, making central China a global hotspot for business opportunity.
The CHAMPS highlight the breadth of business opportunities available, fuelled by the ongoing construction boom, rising home and vehicle ownership, and spending on personal appliances.