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Talk of the Day -- Taipei No. 2 in 'Chinese city' competitiveness

2012/05/22 20:44:40

Taipei has been ranked No. 2 in the 2011 Blue Paper on Competitiveness of Chinese Cities published by the Beijing-based Chinese Academy of Social Science Monday.

The report, now in its 10th year, ranked Hong Kong the top city for the 10th consecutive year among 294 cities in China and Taiwan, including Hong Kong and Macau.

Taipei, which ranked No. 5 in the 2010 report, jumped to No. 2 in 2011, while Beijing surpassed Shanghai for the first time to claim the third spot.

The report gauges each city's competitiveness based on various indexes, including the city's economy of scale, economic efficiency, financial capital, human capital and governance.

The following are excerpts from local media coverage of the city competitiveness report:

Economic Daily News:

The top 10 most competitive cities in the report were Hong Kong, Taipei, Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin, Hangzhou, Qingdao and Changsha, in that order.

Taipei's ranking was up by three notches from the fifth spot in 2010, largely due to the increase in trade volume since the Economic Cooperation Framework Agreement (ECFA) was implemented in 2010, the report said.

The ECFA was signed between Taiwan and China in June 2010 and became effective in September that year.

The gap in competitiveness between the cities has reduced over the past 10 years, according to the report.

Cities on the southeastern coast of China remain the most competitive and the gap between them has narrowed over the years, the report said.

Cities in northeastern China have gradually picked up strength, but the disparities in competitiveness among cities in central China remain large, the report noted.

It also noted that human capital has become the single most important factor in gauging a city's competitiveness in recent years. (May 22, 2012)

Want Daily:

The report noted that among the top 50 most competitive cities, cities on China's southeastern coast accounted for 70 percent, while China's prefecture-level cities accounted for 30 percent.

Foshan, in Guangdong Province, along with Suzhou and Wuxi in Jiangsu Province, were the top three prefecture-level cities in the rankings, the report said. (May 22, 2012)

Commercial Times:

In light of Beijing surpassing Shanghai to claim the third spot, analysts said Shanghai needs to speed up its pace of industrial structural reform to avoid its continuing loss of competitiveness. (May 22, 2012).

(By Ann Chen)