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Nanjing—-a good place for doing business

September 23rd, 2008

According to the Forbes survey, Hangzhou was named the best place to do business in China for a fifth consecutive year. Shanghai came the second and Beijing remaining in sixth position. Wuxi was third, Nanjing fourth and Ningbo fifth.

Forbes China short-listed 194 mainland cities from a pool of 652 candidates with an annual GDP above 19 billion yuan in 2006.

10 of the top 42 cities are from Jiangsu province, nine are from Zhejiang and seven are from Guangdong.

The Yangtze River Delta region was represented by Shanghai and another 23 cities from Zhejiang, Jiangsu and Anhui. The Forbes list was based on each city’s climate for business start-ups and private capital, which is why Hangzhou beat Shanghai for the top placing.

As the capital city of Jiangsu province, although the GDP created by private companies in Nanjing is not so much as Hangzhou, it is also an essential place in Yangtze River Delta. Private companies contribute a lot for this city’s GDP every year, and get lots of benefits as well. BPOVIA is a representative of those private companies in Nanjing. The CEO of BPOVIA James Huang once said, “doing business in Nanjing is definitely a right choice.”

It is believed that Nanjing will climb higher to the top three in the list in two to three years.

 

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China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

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