Singapore retains its position at the top of the Asia-Pacific Cities of the Future ranking released earlier this month by fDi Intelligence.com, a provider of foreign direct investment intelligence from The Financial Times.
Shanghai is ranked in second place and topped the economic potential and human resources categories. Seoul finished third in the ranking, up from fifth place in the Asia-Pacific Cities of the Future 2009/10 list.
According to this year's ranking, Chinese cities performed particularly well, with five cities included in the top 10.
GDP in China is forecast to grow by almost 10 percent annually over the next five years, and unemployment rates in the country are generally lower than in other cities in the Asia-Pacific region.
The ranking focuses on a mixture of data and expert opinion to rank cities which have the best prospects for inward investment, economic development and business expansion.
Here are the top 10 Asia-Pacific cities of the future 2011/12:
Rank |
City |
Country |
1 |
Singapore |
Singapore |
2 |
Shanghai |
China |
3 |
Seoul |
South Korea |
4 |
Shenzhen |
China |
5 |
Taipei |
China |
6 |
Hong Kong |
China |
7 |
Beijing |
China |
8 |
Melbourne |
Australia |
9 |
Tokyo |
Japan |
10 |
Sydney |
Australia |
Also see: Top 10 Asia-Pacific cities for FDI Strategy 2011/12
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