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Know the 'best place' for doing business in China

ANI  |  Beijing [China] 

Commonly known as the 'of China', is now the best place for doing in the country.

This is the finding of a recently released annual report by the Academy of Area Studies, which assesses the environment indicators of 35 Chinese cities.

A small fishing village less than 40 years ago, now hosts industry leaders such as the Tencent, producer Huawei, and DJI.

Shenzhen's explosive growth was fuelled by China's Deng Xiaoping, who designated as the country's first so-called Special Economic Zone in 1979. It opened the region up to capitalism and foreign investment to fuel its development.

According to Daily, over the past year, the number of market entities in Shenzhen reached 3.06 million, becoming the only city to surpass the three million mark in the country.

In the 2018 report, Shenzhen's environment ranking climbed two spots to first place. Compared with last year, Guangzhou, on the other hand, slid to third place from first.

The top five cities, therefore, are Shenzhen, Shanghai, Guangzhou, and

The ranking considers a variety of measures, including infrastructure, business cost, soft environment, market environment, and ecological environment, in order to draw up a list of the most favourable areas to do business.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, December 08 2018. 11:28 IST
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