Fortune magazine listed five places Chinese managers think have the most potential for westerners who want to start a venture in China recently. They are Suzhou, Qingdao, Shenzhen, Ningbo and Dalian。
When Westerners set up shop in China, they tend to focus on Beijing, the seat of power, and Shanghai, the heart of culture and commerce. That's like a foreign visitor hitting Washington and New York City and declaring he's done America。
But after Fortune China conducted its fifth annual Emerging Business Cities survey, hearing from 1,278 Chinese senior managers who ranked 50 selected cities based on the overall business environment, the cost of doing business, the local talent pool, and the quality of life, the magazine said five cities including Suzhou, Qingdao, Shenzhen, Ningbo and Dalian are the potential to become the next generation of mega-cities。
Locally dubbed "heaven on earth" for its classical gardens and parks, Suzhou boasts the fifth-largest local GDP in China. Qingdao is a prime tourist destination, with a beer festival and a yacht culture. As to Shenzhen, it has the highest GDP per capita in China, with a hot real estate market and a sophisticated financial services sector。
Ningbo is a leader in garment and industrial machinery production, and relies more on domestic private investment than other Chinese cities. The last but not the least, Dalian is built into an economic powerhouse in the early 1990s by attracting foreign investment and is expected to be "Hong Kong of the north," according to the magazine。