Nanjing among top 10 cities for doing business in China

Nanjing, captial of Jiangsu province, was ranked seventh 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.

Nanjing ranked fourth on the list last year.