According to the Chinese Cities of Opportunity 2017 study report jointly launched by PwC China and the China Development Research Foundation (CDRF), Guangzhou, Shenzhen, Hangzhou, Wuhan and Nanjing are ranked as the overall top five cities. The report states that technological innovation and balanced development are the keys to building “cities of opportunity”.
All the variables and indicators adopted to observe cities in China are consistent with the research methodology developed by PwC for studies on key global cities. The Chinese Cities of Opportunities 2017 provides in-depth observations on 28 Chinese cities using ten indicators and 57 variables. The indicators are intellectual capital and innovation, technology readiness, important regional cities, healthcare, safety and security, transportation and urban planning, sustainability and the natural environment, culture and lifestyle, economic clout, cost and ease of doing business.
The latest report looks at 28 cities, up from 24 last year, which are (in order from north to south and from east to west): Harbin, Shenyang, Dalian, Urumqi, Lanzhou, Xi’an, Taiyuan, Tianjin, Shijiazhuang, Jinan, Qingdao, Zhengzhou, Nanjing, Wuhan, Wuxi, Suzhou, Hangzhou, Ningbo, Fuzhou, Xiamen, Changsha, Guangzhou, Shenzhen, Zhuhai, Chengdu, Chongqing, Kunming and Guiyang.
The Chinese Cities of Opportunity report is a series of city survey reports jointly released by PwC China and the CDRF for discussion at the China Development Forum. Four editions of the Chinese Cities of Opportunity report have been published since 2014.
Further, the report finds the top cities in intellectual capital and innovation and technological readiness also achieve high scores in the overall ranking, a clear indication that technologically advanced cities are more likely to earn the title of “Cities of Opportunity”.
During the 13th Five-Year Plan period, China will continue to advance people-centred new type urbanisation, which will provide great opportunities for China’s urban development and international capital flows. From investors’ perspectives, achieving balanced development and providing cities with truly valuable solutions are ways to seize new opportunities arising from future urban development.