Qingdao rises in the ranking of Global Cities Index report
Web Editor:International Daily
The 2020 Global Cities Index report was published on Wednesday by U.S. management consulting company A.T. Kearney, Beijing made into the top five global cities in the ranking, replacing Hong Kong first the first time and Qingdao rises in the ranking.
Beijing's rise suggests "the impact of combining stability and growth with aggressive investment in human capital," the report reads. The top four places were maintained by New York, London, Paris and Tokyo, while Hong Kong is ranked sixth, following Beijing.
Besides Beijing, a number of Chinese cities have also seen rise in their ranking in the report, including the metropolises Shanghai, Guangzhou, Shenzhen, and second-layer cities of Nanjing, Hangzhou, Qingdao, Chongqing and Chengdu.
Beijing is ranked amongst the top five global cities for the first time, according to the 2020 Global Cities Report released by international consulting firm Kearney this week.
New York, London, Paris, and Tokyo hold the top four places respectively, the report showed.
According the report from Kearney, an U.S. consulting firm, the Global City Index assesses cities across five categories including business activity, human capital, information exchange, cultural experience and political engagement.
This year's report ranked 151 global cities compared to 130 in last year.
The consulting firm says this year's Global Cities Report provides a snapshot of where cities stand as they face the COVID-19 crisis and reveal the intensifying competition for global status in an increasingly volatile environment.