Beijing’s efforts to shift the focus of China’s economy from basic industries, construction and exports to domestic consumption, services and higher value added appear to be showing up in data on foreign investment.
In a recent study by fDi Magazine analysing the investment competitiveness of 131 cities worldwide, Chinese cities took six of the top 10 slots in emerging markets, with Shanghai and Beijing placed fourth and 12th respectively in the overall global ranking.
The study ranked cities on an assessment of their economic potential, business friendliness, human capital and lifestyle, cost-effectiveness and connectivity.
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