fDi Intelligence, a division of Financial Times, has published a list of top 10 cities in Asia-Pacific’s cities of the future list, weforum.org said on Monday. The list was made after assessing 163 locations in terms of five categories: economic potential, business friendliness, human capital and lifestyle, cost-effectiveness and connectivity. Singapore topped the list of the 10 cities as it performed well across a range of economic indices, including the Economic Freedom, Strength of Investor Protection Index and Corruption Perception Index. Disappointingly for India, there was not even 1 city that made the grade.
Second place went to Tokyo, the report says that high level of connectivity of the city played a major role and helped give the capital city a boost in the ‘connectivity’ and ‘business friendliness’ categories. While China, the most populous country in the world, saw two entries in the top 10 with Shanghai in 5th place and Beijing in 7th.
here is the full list
Shanghai, despite being China’s most populous city, is Asia-Pacific’s second-biggest FDI destination after Singapore. The city saw more than 1100 FDI projects announced between 2012 and 2016 spanned services which attracted heavy industry and hi-tech industries.
“As President Xi Jinping seeks to establish China as a more open economy and a defender of globalization, rules designed to curb FDI have been lifted with the aim of making China more open to the world,” the report said. “Chinese cities could be the ones to watch in our next ranking in 2019,” concludes the report.