Global Yearly Brand Institute (GYBrand) recently released its "Index of the Top 50 Chinese Cities with the Most Investment Value". The analysis stated that Taiyuan, capital of North China's Shanxi province, is accelerating the construction of a national comprehensive supporting reform experimental zone for resource-based economic transformation, promoting energy transition, and focusing on industrial upgrading.
The index assesses various aspects such as economic fundamentals, population and talent, sustainable development, and future industries to fully demonstrate the investment value and potential of Chinese cities.
Eastern coastal cities such as Hangzhou and Suzhou are utilizing their strong economies, complete industrial systems, and high level of openness to the outside world, showing great investment potential.
Western cities such as Chengdu and Chongqing are relying on policy and industrial complementarity. Central cities such as Wuhan and Changsha are increasing in prominence due to their transportation hubs and scientific and educational resources. Northern cities such as Shenyang and Taiyuan are breeding new opportunities in transformation.
Last year, Taiyuan's industrial investment growth rate was 24.7 percent year-on-year, the highest in the province. This year, Taiyuan is reshaping its advantages of investment promotion, focusing on key industrial chains. At the same time, it is focusing on improving the start-up rate, investment rate, and operation rate of new projects.