Shenzhen, Chengdu, Chongqing, and Guiyang have made it to the top 10 best performing cities in China for four consecutive years. Among them, Chengdu that topped the ranking in 2017 dropped to the seventh this year while Shenzhen moved up from the fourth to the top. Chongqing retained its second position since 2017.
Shenzhen, dubbed China’s Silicon Valley recently, took the first spot this year, which ranked fourth for the last two years, according to the report from Milken Institute.
Chongqing (2) together with Chengdu (7) drove the economic development of the western region. Tianjin ranked third with a remarkable performance in FDI growth (1), FDI/GRP (1), and LQ for high value-added industry (7).
Zhengzhou and Guiyang took the fourth and fifth places respectively, both of which had a high level of FDI growth. Notably, Zhengzhou attracted Foxconn to set up an iPhone factory locally that manufactures roughly half of iPhone worldwide. Hence, Zhengzhou is also well-k...
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