SHANGHAI overtook Hong Kong for the first time to become China’s most competitive city this year mainly due to the establishment of its pilot free trade zone, according to a ranking by the China Institute of City Competitiveness yesterday.
With a score of 16,163.08, Shanghai topped the list, which measures comprehensive competitiveness based on the cities’ economic, social stability, environmental and cultural conditions.
Shanghai was followed by Hong Kong, the champion in the past 11 years but scoring 16,099.80 this time.
Beijing, Shenzhen and Guangzhou took the next few spots.
05 Sep, 2013
Posted by: Singapore Entrepreneur In: Business in Singapore