Forbes says Guangzhou number one place in China for business
Posted: 12/3/2013 7:00 amCantonese are known, fairly or otherwise, for being very good at business. Facts tend to back it up: Hong Kong is Asia’s premier financial centre and Guangdong is the richest province in China. Now the industriousness of the Cantonese is being recognized by Forbes magazine.
The Chinese version of Forbes has put Guangzhou as the top city in China in which to do business:
Guangzhou, which moved up from No. 4 a year ago, topped the new list in part on the strength of the city’s infrastructure for both cargo and passenger traffic. The southern business hub is home to 13.6 million people, notably including billionaire Zhang Li of Guangzhou R&F Properties, one of China’s richest people.
Even better for Guangdong, neighbouring Shenzhen finished second on the list, with Shanghai falling to third place. Foshan, also in Guangdong, placed 10th.
Despite concerns about the long-term competitiveness of the region, the Pearl River Delta continues to thrive.
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