This City Was Picked As Best For Business in China

By Bryan Grogan, December 11, 2018

0 1

It’s official folks, Shenzhen is the best city in China for doing business. That’s according to a new report by the Academy of Greater Bay Area Studies, based in Guangzhou, that was released on Monday, December 3.

A series of end of year lists have been coming thick and fast over the previous few months, with the four tier-one cities fighting for supremacy. In this current iteration of the 'List War', Shenzhen has come up trumps in terms of business environment. 

Shenzhen moved up two spots from their 2017 position, from third place to first, overtaking near-neighbor Guangzhou, who fell into third place from the top position in 2017. 

Rounding out the top five were Shanghai in second place, Guangzhou, Beijing and then Chongqing, while Chengdu, Nanjing, Hangzhou, Changsha and Wuhan made up the rest of the top ten cities in the country for doing business. The top ten cities for business environment in order are:

  1. Shenzhen

  2. Shanghai

  3. Guangzhou

  4. Beijing

  5. Chongqing

  6. Chengdu

  7. Nanjing

  8. Hangzhou

  9. Changsha

  10. Wuhan

The study judged 35 Chinese cities' business environment based on six major factors: soft environment, infrastructure, business cost, market environment, social services and ecological environment. 

READ MORE: Forbes China Picked This City as the #1 Place to Live in the PRC

One area in which Shenzhen blew the competition away was the number of market entities in the city, with a staggering 3.06 million businesses, making it the only city in China to surpass 3 million in that category. 

Elsewhere, Shenzhen performed well in the number of permanent residents in the city, with a growth rate of 4.59 percent according to Shenzhen Daily. The number of market entities per 1,000 people in Shenzhen also reached 244, which is more than double that of Shanghai and Beijing. 

According to Philippine Daily Inquirer, part of the reason for Guangzhou's fall from first to third place could be attributed to certain changes that the city has undergone in the past year, such as an increase in land prices in the city, as it sits in lowly 32nd spot on the business cost index. 

Rather surprisingly, Changsha, the capital of Hunan Province, came in at ninth place on the index, thanks to its growing number of market entities and a significant growth in permanent population. 

Perhaps Shenzhen business environment success makes up for its poor showing on a recent study into the happiest cities in China, although, as the saying goes, all work and no play makes Jack a dull boy. 

READ MORE: Happy? You Should Be If You Live in One of These 10 Chinese Cities

[Cover image via Pixabay]

more news

CORONAVIRUS LIVE UPDATES: China's 'Two Sessions' Expected to Be Postponed

Stay on top of the situation with our regularly updated coverage of the novel coronavirus (SARS-CoV-2).

12 China F&B Insiders Assess the Coronavirus Crisis Impact

How are bars, cafes and restaurants in China holding up amid the coronavirus outbreak?

China Hotlines to Call During Coronavirus Outbreak

Here are the hotlines for every Chinese province and autonomous region to call during this health epidemic.

Traveling Soon? These Airlines Have Canceled China Flights

A full list of airlines that have suspended service during the coronavirus outbreak to clear the air.

How to Order Takeout on China's Ele.me Food Delivery App

We give you a quick guide to one of China’s ‘Big Two’ in the food delivery world.

Diving in the Dark: Exploring China's Vast Underwater Cave System

Journey with us into South China's spectacular and otherworldly underground river system.

Big Spending Followed SARS, Stay Optimistic: Guangzhou's Wayne Shen

If you live in Guangzhou and like beer, chances are you are familiar with Bravo Brewpub & Kitchen, which is headed by Wayne Shen.

'Great Businesses Will Shutter' Due to Coronavirus: Shenzhen's Cadence Gao

Nearly all of Gao’s F&B establishments are temporarily closed due to the novel coronavirus, with the notable exception of Chickadee, a bakery.

1 User Comments

    In Case You Missed It…

    We're on WeChat!

    Scan our QR Code at right or follow us at ThatsBeijing for events, guides, giveaways and much more!

    7 Days in Beijing With thatsmags.com

    Weekly updates to your email inbox every Wednesday

    Subscribe

    Download previous issues

    Never miss an issue of That's Beijing!

    Visit the archives

    Get the App. Your essential China city companion.