![]() "In the next few years, many indicators of multiple second-tier cities in China will reach the same level as what first-tier cities have now," Yicai wrote on the cover of the edition of China Business News Weekly published on Aug. Yicai released the first version of the Ranking of Cities' Business Attractiveness in China in 2016 but had coined the term ‘new first-tier city’ three years before. It replaced Foshan in southern Guangdong province, which had rapidly climbed its way up. Kunming, the capital of China's southern Yunnan province, made the new first-tier cities list this year after slipping out last year. Shanghai tops the list of China's first-tier cities, followed by Beijing, Guangzhou, and Shenzhen.Ĭhengdu ranked first in the new first-tier cities, followed by Chongqing, Hangzhou, Wuhan, Suzhou, Xi'an, Nanjing, Changsha, Tianjin, Zhengzhou, Dongguan, Qingdao, Kunming, Ningbo, and Hefei. The 2023 edition mostly uses data from 2022 or early 2023. The ranking makes use of data from nearly 200 mainstream consumer brands, user behavior data from 17 leading internet firms, and big data from institutional providers to assess the development of 337 Chinese cities based on five indexes - concentration of commercial resources, city as a hub, urban residents' activity, lifestyle diversity, and future potential. (Yicai Global) May 30 - The Rising Lab, the city-oriented big data platform of Yicai Media Group, has released the Ranking of Cities' Business Attractiveness in China 2023.
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