Chinese Cities of Opportunity 2024

Chinese Cities Keep Gaining Recognition

A new report titled "Chinese Cities of Opportunity 2024" has been released, providing a comprehensive look at the development of Chinese cities across 10 key dimensions. The report, published by The Rising Lab, identifies 15 new first-tier cities in its 2023 "Ranking of Cities Business."

First-Tier Cities on the Rise

According to the report, the top 10 new first-tier cities are:

• Chongqing
• Fuzhou
• Guangzhou
• Hangzhou
• Nanjing
• Ningbo
• Shenzhen
• Suzhou
• Tianjin
• Xiamen

These cities are characterized by strong economic growth, a highly educated workforce, and a thriving business environment, making them attractive destinations for both domestic and international companies.

Tiering Up

The report also notes that several second-tier cities are expected to move up to first-tier status in the coming years, including Changsha, Chengdu, and Wuhan. These cities have experienced significant economic development and infrastructure improvements, positioning them for future growth.