Shanghai tops list of Chinese cities in managing risks

Shanghai ranks first among Chinese cities in preparedness to manage financial uncertainty, according to a survey of 17 major business centers in the Asia-Pacific region.

According to the "Prepped Cities Index" in a report by real estate consultancy Cushman & Wakefield, Singapore; Melbourne, Australia; and Shanghai are the three best-prepared cities among the 17 Asia Pacific cities it reviewed. The survey assessed macroeconomic, structural and defensive factors, as well as social indicators in built-up environments.

"Chinese cities performed very well... with great potential to improve further in years to come given their relentless drive to modernize," said James Shepherd, managing director of Greater China research at Cushman & Wakefield.