Expats Living in Shanghai

2012-10-12 09:21

SHANGHAI'S economic influence may have risen and it remains the first choice for foreign investment this year but its urban environment still lags those of other global cities, an industry report said yesterday.

Shanghai led 27 global cities in attracting foreign direct investment by number of projects and amount of capital invested, according to a report co-authored by PricewaterhouseCoopers and Partnership of New York City.

It moved up three notches to No. 5 in terms of economic clout, after Beijing, Paris, London and New York, the report said.

"Shanghai's economic strength and global attraction represent the starting point for the city's transformation into a world hub for talent and innovation," said Nora Wu, PwC China Shanghai Office lead partner.

Overall, Shanghai is No. 19 among 27 largest global cities for business influence and opportunities, two notches after Beijing. New York and London remain top of the list.

Shanghai is No. 23 for livability which measures the quality of transport, education and healthcare insurance.

But the report said Shanghai needs to enhance its environment to attract more talents and foster innovative and forward-looking enterprises.

Source:Shanghai Daily

 

Townscape Housing is a housing rental agency specializing in finding high end properties for foreigners to rent in Shanghai. Our property listings are extensive and we offer a long standing, in-depth expertise in helping expats in their housing and rental needs while in Shanghai.