Shenzhen becomes China’s best city for business

For the first time, Shenzhen overtook Hong Kong as the most competitive city in the country.

What makes Shenzhen so innovative?

Shenzhen has quickly become the breeding ground for Chinese start-ups, especially in the field of technology. Some of China’s most renowned companies, including drone manufacturer Dajiang Innovation, Internet giant Tencent and automobile maker BYD, have their headquarters in the city. The concentration of smart money and innovative ideas has helped Shenzhen to sneak past Hong Kong. Shenzhen is now in a good position to build on this success and attract even more innovation to the city, especially in terms of technology start-ups.