More than Beijing, Shanghai, and Guangzhou
Forbes and the Economist have recently ranked the business attractiveness of China’s bigger cities. The surveys looked at the quality of the labor force, business costs, market size and capitalization to find the top business cities in the country. Via China.org.cn:
From Forbes:
Top Five:
1. Hangzhou
2. Shanghai
3. Wuxi
4. Nanjing
5. Ningbo
From The Economist:
Top Five:
1. Shanghai
2. Guangzhou
3. Beijing
4. Hangzhou
5. Nanjing
The national Bureau of Statistics (NBS) has published its own list of the 100 top cities with the best environment for foreign investment. Seventy-one of the top 100 cities are eastern cities, with Shanghai, Nanjing, Suzhou, Hangzhou and the southern Shenzhen and Guangzhou ranking in the top ten. China’s central region has 16 cities in the top 100, while the western region has 13 Cities with lower external trade exposure have performed well during the recent slowdown in global growth, and are likely to continue to do well over the next decade as a maturing Chinese economy becomes less dependent on exports for growth.
All these lists may help remind people that there is more to China than Beijing, Shanghai and Guangzhou. China’s second-tier cities definitely offer tremendous opportunities for smart and resourceful U.S. businesses.
