Recent research has shown that it may illustrate the City of Gothenberg in Sweden, as illustrated by Erik Dahlbergs in
Suecia Antiqua et Hodierna, published in 1709. The print depicts the Kuarnberget windmill and the King's Gate, identifiable here
For a similar example and a Chinese version, see Soame Jenyns, Japanese Porcelain, (London, 1965), pl. 19A (i) and (ii).