Shenzhen takes first place in the criteria of tech and innovation and a favorable business environment among 51 Chinese cities in a report jointly released by the China Development Research Foundation (CDRF) and accounting firm PwC on Friday.
The report, titled Chinese Cities of Opportunity 2023, was released Friday. This was the 10th issue of the Chinese Cities of Opportunity, which was first published in 2014. This year’s report has increased the scope of selected cities to 51 from 47 in 2022. A total of 10 dimensions were used to evaluate cities in terms of economic development, social livelihood, infrastructure and other aspects.
The report shows that Beijing, Shanghai, Shenzhen, Guangzhou and Hangzhou rank as the top five among the 51 cities, followed by Nanjing, Wuhan, Suzhou, Chengdu and Tianjin.
Shenzhen also ranked fourth in terms of urban resilience and economic influence and ranked fifth in terms of sustainable development.
The revolution and advancement of high-tech boosted more opportunities for urban industrial structure optimization, which is an effective support for the city’s digitalization transformation.
According to the report, the criteria of tech and innovation focused on evaluating the cities in terms of their technical maturity and innovation in the digitalization field.