Shanghai came in 7th place on a list of the world's most competitive cities produced collaboratively by the National Academy of Economic Strategy, the Chinese Academy of Social Sciences and United Nations Habitat. It was sandwiched between Hong Kong (6) and Beijing (8).
The report, released last Wednesday, bases competitiveness on six main criteria, including global connection, local demand, software environment and hardware environment. It assessed 505 cities around the world, including 69 in China, 17 of which made the top 200.
The top 10 competitive cities in the world are as follows: