First time you read the title, which city pops up first in your mind? Shanghai? Beijing? Guangzhou? or even Shenzhen? It’s not entirely wrong, but it’s not those cities! Here are the clues:

Home of the Pandas

Super Spicy Food! (Main Ingredients: Chili, Chili, Chili, Peppercorn, Peppercorn, Peppercorn, Oil, Oil, Oil, Coriander)

Different Varieties of Chili for This City’s Special Dishes

Peppercorn

Their “It” Hotpot

The Answer is…………

CHENGDU

It’s Chengdu, everyone… Chengdu is the capital city of Sichuan Province. Based on the research that is done by Milken Institute (a Californian think tank by former junk bond king Michael Milken), Chengdu beats Shanghai, Beijing and Shenzhen to be the nation’s top performer.

Chengdu is China’s national base for the electronics and IT industries. Chengdu Hi-tech Industrial Development Zone has attracted variety of multinationals Fortune 500 companies and 12,000 domestic companies, including Intel, IBM, Cisco, Nokia, Motorola, SAP, Siemens, Canon, HP, Xerox, Microsoft, Tieto, NIIT, MediaTek, and Wipro, as well as domestic powerhouses such as Lenovo. Chengdu is also the base of National High-Tech Industry for New Energy Industry.

Chengdu Hi-tech Industrial Development Zone: The Oriental Home of Fortune 500 Companies

This ‘Best-Performing Cities China’ index ranks 266 cities and they are divided between 34 so-called tier one and tier two cities, such as Beijing and Shanghai, and 232 small and medium sized third tier cities. The groups are ranked and determined on economic performance and other factors such as jobs and wages growth, foreign investment and high value add industries.

Chengdu took over the top 10 positions in seven of the index’s nine components. Chengdu is performing strongly in some of these areas: human capital, central government support, high end aerospace, aircraft design and electronics manufacturing.

For the third tier cities section, Jiangsu Province stands out the most than other provinces being the top 10. Suzhou came in at number one.

One researcher in Milken Institute concluded, those ranked cities are the cities that have diversified industries, they also focus on high-tech, they continuously improve the transportation networks, they have efforts to develop infrastructure and the talent pool, and the ability to attract foreign investment.

 
Adopted from Bloomberg Business

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