Shenzhen in economic global elite

Hong Kong neighbor joins top 5 in world competitiveness ranking

For the first time, Shenzhen, Guangdong province, ranks among the top five economically competitive cities worldwide, with four other Chinese cities - Hong Kong, Shanghai, Guangzhou and Beijing - ranking among the top 20, according to a report jointly released by the Chinese Academy of Social Sciences and United Nations-Habitat.

The Global Urban Competitiveness Report 2018-2019 was released at New Global Cities: Nanjing Internationalization Development Forum, held in Nanjing, Jiangsu province, on Monday. It has established an urban economic competitiveness ranking system with factors such as infrastructure, financial service, technological innovation and human resources taken into consideration to evaluate the quality of 1,007 global cities with populations over 500,000.