Changsha among top 10 cities for doing business in China

With its profound history and culture that spans more than 3,000 years, Changsha in Central China's Hunan province is recognized worldwide for its efforts in cultural creativity, innovation and the media arts. [Photo provided to China Daily]

Changsha in Central China's Hunan province was ranked ninth in the top 10 cities for doing business in China, according to a new report released by the Academy of Greater Bay Area Studies.

Shenzhen, a city in South China's Guangdong province, is the best place for doing business in China. Compared with last year, Shenzhen's business environment ranking climbed two spots to first place, Shanghai moved to second place from fourth, while Guangzhou slid to third place from first.

In the business environment index, 35 major cities are assessed based on six factors: soft environment, infrastructure, business cost, market environment, social services and ecological environment.

Changsha ranked 20th on the list last year.