HK, Shanghai maintain edge

Despite concerns over the economic slowdown in China, two of the country's cities have won spots in a ranking of the world's top 10 competitive cities.

This is the finding from the China Institute of City Competitiveness in Hong Kong, a think tank whose annual survey ranks Shanghai at seventh place in 2016, with Hong Kong at ninth.

The top three cities are New York, followed by Tokyo and London. Singapore ranked sixth, taking the number of Asian entrants in the top 10 to five.