Top 10 most competitive cities in China named in blue book

Hong Kong, Shenzhen and Shanghai have reclaimed their respective ranks as China’s top three most competitive cities, according to a blue book released by the Chinese Academy of Social Sciences (CASS) in Beijing on May 9. Titled Report on Urban Competitiveness of China No.12, the report was jointly authored by the National Academy of Economic Strategy, Social Sciences Academic Press (China) and the Research Center for Urban Competitiveness all under CASS. Cities rounding out the top 10, which were judged by a comprehensive economic competitiveness index, were: Taipei, Guangzhou, Beijing, Suzhou, Tianjin, Foshan and Macao.

Beijing ranked fourth for sustainable competitiveness and third for urban business competitiveness, but slipped to 92nd and 41st for urban ecological and livability competitiveness respectively due to its soaring housing prices and congested traffic. Among China’s four municipalities and two special administrative regions, Beijing’s urban competitiveness was below Hong Kong and Shanghai, but higher than Tianjin, Macao and Chongqing.

The Chinese link: http://finance.people.com.cn/n/2014/0510/c66323-24999689.html

　　Translated by Chen Meina

　　Revised by Tom Fearon