According to the latest Global Urban Competitiveness Report, Shenzhen was 6th among the top 10 cities in the world on the urban economic competitiveness index in 2016.
The other nine cities were New York (1), Los Angeles (2), Singapore (3), London (4), San Francisco (5), Tokyo (7), San Jose (8), Munich (9) and Dallas (10). The United States held obvious advantages, with its cities occupying half of the 10 cities. Three other cities were from Asia and two from Europe.
The annual report tested the economic competitiveness of 1,007 global cities by considering various factors such as potential of human capital, economic vitality, science and technology innovation, social inclusiveness, ecological environment, business environment, infrastructure and global connections.
It focused on economic competitiveness and sustainability competitiveness, and elaborated on the relationship between the global housing market, housing prices and city competitiveness.
Economic competitiveness refers to the city’s capacity to create value and obtain economic rent, while sustainability competitiveness refers to the condition of urban elements and the environment.
The report showed innovation-based cities and cities of newly emerged economies changing the alignment of top global cities and entering the list of competitive cities.
In terms of the global urban economic competitiveness, America had obvious advantages, as the development level was more balanced, and China was rapidly rising.
Among the top 10 cities were five cities from America. Among the top 20 cities were nine cities from America. Among the top 100 cities, there were 36 cities from America.
China’s top cities showed good performance with rapid enhancements in their overall competitiveness levels and some strong second-tier cities making conspicuous achievements.
A total of 21 Chinese cities were shortlisted for the top 100 global cities, following 36 cities in the United States. Hong Kong, Shanghai, Guangzhou and Beijing entered the top 20. It reflects that Chinese cities have developed from “central aggregation” to the higher stage of “dispersion and spillover,” the report said.
“The report shows that newly emerged markets represented by BRICS are catching up, especially with the infrastructure in China having come shoulder to shoulder with developed countries,” Ni Pengfei, director of the CASS City and Competitiveness Research Center, said.
Nine cities in China, including Beijing, Hong Kong, Shanghai, Shenzhen, Guangzhou, Taipei, Nanjing, Tianjin and Xiamen, made it onto the list of the top 100 cities for sustainability competitiveness.
The report showed information technology is becoming the primary driving force behind the development of global cities due to its wide application in the world network. (Source: Shenzhen Daily)
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