Shenzhen Ranks Second in Overall Economic Competitiveness

Shenzhen Ranks Second in Overall Economic Competitiveness According to the annual city competitiveness ranking by the top think tank of the country, Shenzhen took the second spot in overall economic competitiveness after Hong Kong. Shenzhen also replaced Beijing as China’s third most competitive city in sustainable development. Last year’s top three cities were Hong Kong, Beijing and Taipei.

The top ten cities that were viewed for having the strongest competitiveness for sustainable development other than Macao and Hong Kong, five of these cities are located near the Yangtze River Delta and the Pearl River Delta in the east and south portion of China. Hong Kong was ranked first in terms of business friendliness, livability and cultural competitiveness compared to other cities. Shenzhen was seventh in the business friendliness, fifth in harmony and 11th in cultural competitiveness.

Around 293 cities in the country were assessed for their all round competitiveness and it was pointed out that the industrial clusters have been noticed to be influential on city competitiveness along with the fact that no cities in western China placed on this year’s list of the top ten cities. The director of the Chinese Academy of Social Sciences Ni Pengfei said that sustainability play a major force in transforming China’s social and economic development.

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