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May 10, 2012

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Home » Business » Economy

Shanghai tops most competitive ranking list

SHANGHAI tops the international trading competitiveness ranking on Chinese mainland but the city trails others in its trading growth potential due to weakness in the e-commerce business.

Shenzhen and Beijing rank second and third among 33 mainland cities evaluated in a report released yesterday by the Institute of World Expo Economy at the Shanghai University of Finance and Economics.

Shanghai's trading growth potential ranks No. 4 mainly due to the city's weak e-commerce business. The top three in this area are Guangzhou, Xiamen and Shenzhen.

Sun Yuanxin, the institute's deputy dean, said Shanghai's excellent traditional commerce chain has limited its e-commerce development.

He said some cities with small gross domestic product posted rapid development in their e-commerce and information services.

"The city (Shanghai) needs to introduce more incentives to attract the promising e-commerce enterprises," Sun pointed out.




 

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