Hangzhou ranks 4th in the Forbes (China) 2010 list of ¡®Best Cities for Business in Mainland China¡¯, released October 12.
The 2010 Forbes China's Best Cities for Business list based evaluations on talent, passenger transport, freight transport, managing costs and economic vitality. The 2010 evaluation paid extra attention to city scale, consumption capacity and creativity.
Forbes China surveyed 654 of the country's cities, 132 of which had GDPs of about 36 billion yuan ($5.4 billion) in 2009. The final list ranked 100 cities.
This year's results shows the Yangtze River Delta region continues to lead in business competitiveness - six of the top 10 cities in the list are in the region.
The list also indicates cities in Shandong province, such as Qingdao, Yantai and Weihai, are also gaining steam. Compared to the 2009 list, nine cities from the province rose, two maintained their positions and two fell. Shanghai falls behind Guangzhou as the runner-up of this year¡¯s ranking due to the exceptionally high cost of doing business there, according to Zhou Jiangong, chief editor of Forbes China.
The TOP 10 cities are:
1Guangzhou
2.Shanghai
3.Shenzhen
4.Hangzhou
5.Suzhou
6.Beijing
7.Wuxi
8.Ningbo
9.Nanjing
10.Tianjin