Shanghai Joins World's 10 Most Dynamic Cities for First Time in Kearney Rankings
Xu Wei
DATE:  Oct 26 2021
/ SOURCE:  Yicai
Shanghai Joins World's 10 Most Dynamic Cities for First Time in Kearney Rankings Shanghai Joins World's 10 Most Dynamic Cities for First Time in Kearney Rankings

(Yicai Global) Oct. 26 -- Shanghai has made it to the top 10 among the world's most dynamic cities for the first time while Beijing ranked No. 6 and Hong Kong No. 7 on the latest annual list compiled by US-based consulting firm Kearney.

Three Chinese cities were featured on the list, matching the number of US cities while surpassing other regions including Europe and the rest of Asia-Pacific, the Chicago-headquartered company said in a report published yesterday. The index rates cities based on five dimensions, including business activity and human capital.

The leading group remained the same. New York, London, Paris, and Tokyo held onto the top four spots in the Index. Los Angeles moved up two places to rank fifth.

Shanghai rose two spots to come in 10th, climbing 10 positions over the past five years. The eastern city continues to move towards the top tier of global cities, per the report.

Shanghai has fully demonstrated its excellent international-level governance capabilities with its refined response to the Covid-19 epidemic in the past year. Its commercial and cultural activities maintained an active momentum and its seaborne and air cargo throughput remained strong. Moreover, the city is the world's fourth-biggest hub of unicorn companies.

Beijing fell one place down to the sixth position as the city's pandemic containment measures impacted its cultural experience score. Hong Kong inched down by one spot to seventh place.

China has recovered quickly after the beginning of the Covid-19 pandemic, as the report shows. The country has had the highest compound annual growth rate among all regions over the past five years.

Editor: Emmi Laine, Xiao Yi

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Keywords:   Beijing,HK,Shanghai,The Global Cities Index and Outlook,Kearney