Related News
Shanghai reclaims top status
By Richard Fu |
00:00 UTC+8 December 14, 2012
|
Print Edition
Print Edition
SHANGHAI has again become the best city for business on Chinese mainland in a Forbes ranking, reclaiming its spot by beating off competitors in export-oriented Guangdong Province that have been hit hard by the global slowdown.
Shanghai, which was ranked fourth in 2011, regained the top position after a three-year absence. The city won because it scored highly in the sub-indexes of city scale and innovation, but only garnered 61st for the strength of its private sector.
Shanghai also benefitted because some cities in Guangdong, the manufacturing powerhouse, fell. Shenzhen, last year's runner-up, was third while Guangzhou, last year's winner, was ranked fourth.
"Export-oriented cities like Shenzhen and Guangzhou suffered a slump in ranking because of the impact of the slow recovery in the global economy," Forbes China said.
The magazine ranked candidates in several categories including consumption power, costs, transport, the size of the private economy and innovation capability. The ranking aims to guide investors in choosing investment destinations and for officials to better position their cities and improve the business environment.
Hangzhou, capital of Zhejiang Province, was runner-up. Jiangsu Province has the most number of cities - 18 - in the top 100 list while Zhejiang has 12 and Guangdong has 11. The ranking also showed inland regions playing an important role in China.
Shanghai, which was ranked fourth in 2011, regained the top position after a three-year absence. The city won because it scored highly in the sub-indexes of city scale and innovation, but only garnered 61st for the strength of its private sector.
Shanghai also benefitted because some cities in Guangdong, the manufacturing powerhouse, fell. Shenzhen, last year's runner-up, was third while Guangzhou, last year's winner, was ranked fourth.
"Export-oriented cities like Shenzhen and Guangzhou suffered a slump in ranking because of the impact of the slow recovery in the global economy," Forbes China said.
The magazine ranked candidates in several categories including consumption power, costs, transport, the size of the private economy and innovation capability. The ranking aims to guide investors in choosing investment destinations and for officials to better position their cities and improve the business environment.
Hangzhou, capital of Zhejiang Province, was runner-up. Jiangsu Province has the most number of cities - 18 - in the top 100 list while Zhejiang has 12 and Guangdong has 11. The ranking also showed inland regions playing an important role in China.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
