Not a single northeastern city was featured in the latest edition. Compared to the previous edition, Hefei returned, while Shenyang didn't make the list. Next in the ranking are Changsha, Dongguan, Ningbo, Foshan, Hefei, and Qingdao. Xi'an, Wuhan, Suzhou, Zhengzhou, Nanjing, and Tianjin follow. The 2022 edition mostly uses data from 2021 or early 2022.Ĭhengdu, Chongqing, and Hangzhou are the top three emerging first-tier cities on this year's list. The annual ranking makes use of retail outlet data from 170 mainstream consumer brands, user behavior data from 17 leading internet firms in different fields, and information providers' Big Data to assess 337 Chinese cities' development based on dimensions such as concentration of commercial resources, transportation and logistics, residents’ activity, lifestyle diversity, and future potential. When compiling the first edition of the Cities' Business Attractiveness Ranking, The Rising Lab emphasized using the progress of modern commercial activities in cities to indicate their actual prosperity. Consequently, those who have witnessed a city with halted commercial activity may agree that the sight resembles a machine with a broken engine. It penetrates almost every aspect of our lives. Some specialized in sales, logistics, and storage, forming the basic logic of urban operations.įor modern civilizations, commerce is as important as air is to humans. As the exchange of products widened, the labor market divided into increasingly different professions. Through trade in goods and transactions, people began to interact in a systematic way. (Yicai Global) June 1 - Commercial activity is the foundation for each city's establishment and prosperity among other elements that are needed in building an urban hub.īartering was the original method of commercial exchange in cities.
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