There are those cities in the world that are economic centers those are financial centers

The world's three major financial centers: the United States of America's New York, Britain's London and China's Hong Kong.

1, financial center in the narrow sense refers to the operation of commodity money in the center of the financial market. Broadly speaking, it refers to the macro-geographic region to play a central role in financial activities in large and medium-sized cities.

2, it has advanced settlement and payment systems, is a large, globalized, full-service center; can support a large domestic economy, has a vertical, liquid market, in which the source and use of funds is diversified, the legal and regulatory system can adequately protect the fairness of important agent relationships and regulatory functions of the international financial center.

3, the economy and finance compared to a broader concept, the economy includes finance, finance generally refers to the economic field related to money, and the concept of economy contains many elements, so there is hardly any so-called economic center of the world such a ranking. There is such a statement is also only used to illustrate the economic status of a city.

4. For example, "Shanghai will become the world's economic center" doesn't mean that the city of Shanghai has reached any standard economically. The role of "world economic center" here is not a noun, but only an adjective. New York, for example, is also called the center of the world economy.

Expanded:

Economic centers are classified in various ways. p>There are various ways of classifying economic centers:

1. According to economic functions, they can be divided into comprehensive economic centers and specialized economic centers; according to geography, they can be divided into international economic centers, national economic centers, regional economic centers, and local small and medium-sized economic centers. However, these divisions are not absolute and there are no strict criteria or boundaries.

2. Generally speaking, economic centers are multifunctional in nature. Economic centers are first of all commercial and trade centers. In the commodity economy, social and economic activities can not be separated from the exchange of goods, the vast majority of economic centers from the initial distribution of goods and transportation hubs gradually developed.

3, with the rapid development of modern industry, industry as the main economic center, relying on strong material and technical conditions, through economic and technical cooperation and economic cooperation and other forms of economic development of the surrounding areas. Therefore, the economic center is not only the industrial center, and often at the same time is the center of science and technology, culture and education center, financial center, transportation center, information center and service center.

Baidu Encyclopedia - Financial Center

Baidu Encyclopedia - Economic Center