Highlights

• The relationship between China's urbanization ratio and consuming ratio presents a U-shape curve
• The city scores show positive changes in economic performance and new consumption performance, while economic performance is significantly higher than the new consumption performance
• Top five cities are more balanced in economic performance and new consumption performance
• Beijing ranks top on New Consumption Index, followed by Shanghai, Guangzhou, Shenzhen, and Nanjing in that order
• Southern cities perform better economically than their northern counterparts