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Changsha Ranks Ninth in Chinese City Business Environment List

Updated: 2020-12-23

On December 21, the Guangdong-Hong Kong-Macao Greater Bay Area Research Institute and the 21st Century Economic Research Institute released its "Report on the Business Environment of China’s 296 Cities”. Changsha ranked ninth nationwide. Chenzhou, Zhuzhou, Changde, Hengyang, and Xiangtan were among the top 150.

Six indicators including soft environment, infrastructure, social services, market capacity, business costs, and ecological environment were evaluated through online data monitoring, corporate satisfaction surveys, and field visits. 

According to Ding Jun, the report’s primary author and a senior researcher of the 21st Century Economic Research Institute, “Changsha performed well, mainly due to the vitality of innovation and entrepreneurship, strong investment appeal, low business costs, and good social services.”

In 2019, Changsha had more than 120 market entities per 1,000 people, surpassing Beijing, Shanghai, Hangzhou, and Wuhan. Changsha's permanent population increased 2.9% or by 239,800, ranking it seventh in China and first in central China, and surpassing cities such as Chongqing, Zhengzhou, Xi'an, Wuhan, and Hefei. 

In 2019, Changsha investments in fixed assets increased by 10.1% over last year. The total investment in fixed assets was about 1 trillion yuan, making it 6th nationwide; the total retail sales of consumer goods per capita was 62,500 yuan, making it 5th. 

In 2019, the housing-price-to-income ratio of Changsha was 9, lowest rank among the China’s provincial capitals. This meant a couple with 9 years of per capita disposable income could buy a residence.

According to the report, Yongzhou, Shaoyang, Yueyang, and Huaihua were ranked among the top 200. 

According to the provincial business environment rankings, Changsha was first, and Chenzhou, Zhuzhou, Changde, and Hengyang ranked second to fifth in the province respectively. 

Translator: Xiao Juan

Chinese source: hunan.gov.cn