Beijing ranked No.1 in financial competitiveness

Edited and translated by Liang Jun, People's Daily Online

Beijing's financial competitiveness is ranked China's first and overall economic competitiveness in 2011, followed by Guangdong, Jiangsu, and Shanghai, according to a report issued on Thursday.

The Social Sciences Academic Press (SSAP) released Report on Overall Competitiveness of China's Provincial Economy (2011-2012) on Feb. 28. The report shows that Beijing remains in the same position in terms of overall economic competitiveness like in 2010.

The report attributes Beijing's strong performance to three indices, including financial competitiveness, knowledge competitiveness and coordinated competitiveness.

Meanwhile, the Report on World Innovation Competitiveness Development (2001-2012) shows China's ranking in innovation competitiveness climbed from 34 to 14, entering the world top 20.

Read the Chinese version: 北京财政金融竞争力排首位

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