Hangzhou named top business city

SHANGHAI: Hangzhou was named the best place to do business in China for a fifth consecutive year in a Forbes survey released yesterday.

Shanghai came in at No 2, with Beijing remaining in sixth position for the second straight year. Wuxi was third, Nanjing fourth and Ningbo fifth.

Forbes China short-listed 194 mainland cities from a pool of 652 candidates with an annual GDP above 19 billion yuan in 2006.