FX.co ★ Ten Chinese cities with favourable business environment

Shanghai

This city is holding the leading position among Chinese cities. In the study, it was recognized as the best city in China for running business. Shanghai is China's leading financial and commercial center. It is currently booming in construction. The modern architecture of Shanghai has its own unique style. An example is the upper floors of high-rise buildings with flying saucers-shaped restaurants. The city has Shanghai Tower, China's tallest and the second world's largest 128-story skyscraper.

Beijing

The second place in this ranking is occupied by Beijing, China's largest air and transport hub. The metropolis is a political, educational, and cultural center of the country, while Shanghai and Hong Kong are considered to be the main economic centers. Lately, Beijing has been acting as an engine of business activity and the main place for creating innovative enterprises.

Shenzhen

The third line on the list of Chinese cities with a favorable business climate goes to Shenzhen. Thanks to massive foreign and state investments in the economy, the city became a large industrial, financial, and transport center of the country. Currently, Shenzhen is one of China's most dynamically developing megacities and the most competitive city of the state. It is the largest exporter among Chinese cities. Shenzhen is deemed to be kind of a gateway for attracting investment, inventing new technologies, and doing business.

Guangzhou

Guangzhou, the capital of Guangdong Province, takes the fourth position in the current ranking. This is a political, economic, technical research, educational, and transport center of southern China. Today, Guangzhou is a world famous leader in light industry. It hosts about a hundred wholesale markets and thousands of industrial enterprises, factories, and plants (shipbuilding, machine building, manufacturing equipment for the textile and food industries, household appliances, sports equipment, porcelain, cement, chemicals, as well as electronics).

Nanking

The fifth position on the list of Chinese cities most appropriate for doing business is Nanking. Machine tool building, turbine construction, production of electric equipment, radio parts, and trucks, metallurgy, chemical industry (especially chemical fertilizers and synthetic fibers production) as well as cement, textile, and food industries are well developed in the city. Nanjing is considered the most important logistical hub near the Yangtze River.

Wuhan

Wuhan occupies the sixth position among the most favorable megacities of China for entrepreneurs. It is the most populous city in central China. The construction boom is in full swing there. The tallest building in the city is a 68-story skyscraper, Minsheng Bank Building. In addition, the 125-story Wuhan Greenland Center tower is currently under construction, and it is going to become one of China's five tallest buildings.

Hangzhou

The seventh line in this ranking goes to Hangzhou, the capital of China's Zhejiang Province. Its population in urban areas exceeds 1.75 million people. Hangzhou is a large industrial center, the city of at least one thousand Chinese high-tech companies. It produces a variety of goods such as refrigerators, vehicles, various equipment, and others. The city has a modern airport which enables people to get easily to almost any major city in South-East Asia.

Tianjin

Tianjin is in the eighth place among the Chinese cities most favorable for running business. Its urban area is the third largest in mainland China. Besides, this is the most important industrial base of China with its key industries such as petrochemistry, textile industry, car manufacturing, technical production, and metalworking. The city municipality has oil reserves of about 1 billion tons.

Chengdu

Chengdu takes the ninth position in the ranking of the best Chinese business cities. This is the country's largest economic center, the heart of trade, finance, science, and technology, as well as an important transport hub. Manufacturing plays a leading role in its economy. The main industries in Chengdu include food production, manufacture of machinery, equipment, medicines, and others. In addition, the IT sphere is highly developed here.

Xi'an

Xi'an сloses the top ten cities of China with a favorable business climate. This is one of the ancient cultural and historical centers of the country. According to historians, it was previously the capital of 13 states. Recently, Xi'an has become a major center of culture, education, and industry. It is regarded as one of the leading educational centers of China. Besides, it is ranked third after Beijing and Shanghai in terms of the number of universities.