SZ ranks 3rd in business environment

Writer:   | Editor: Stephanie Yang  | From:  | Updated: 2019-05-14

Shenzhen ranks third in terms of business environment out of the top 100 cities in China, according to a ranking released in Beijing on Saturday.

The 2019 report on the business environment of Chinese cities, which studied and analyzed the latest figures made public by the National Bureau of Statistics, was jointly compiled by the China Strategy Culture Promotion Association, Economic Media Association of China, WANB Institute and a research institute.

The report assessed the cities’ soft and hard environments, reflecting a city’s degree of comprehensive support for entrepreneurship, business management and talent attraction based on seven secondary indicators. The seven secondary indicators are the natural environment, infrastructure environment, technological innovation environment, talent environment, financial environment, cultural environment and living environment.

Shenzhen follows Shanghai and Beijing on the list, with Guangzhou, Nanjing, Wuhan, Hangzhou, Tianjin, Chengdu and Xi’an rounding out the top 10.

Shenzhen ranks first in terms of the hard environment index, followed by Shanghai, Nanjing, Wuxi and Wuhan. Beijing ranks first in terms of the soft environment index, followed by Shanghai, Guangzhou, Shenzhen and Hangzhou.

Shenzhen has achieved a good balance between the rate of economic growth and the improvement of environment quality, according to the report. Shenzhen ranks first in terms of air quality among the 20 Chinese cities with the highest GDP.

Wu Sikang, director of the Shenzhen Municipal Development Research Center, said he believes the city could rank among the top 30 cities in the world in terms of business environment in a ranking to be published by the World Bank this year.