A total of 15 cities have joined the club of China's new first-tier cities due to their commercial charm, according to a report by the China Business Network (CBN) Co Ltd.
The ranking, released by CBNweekly magazine on May 7, assesses commercial attraction of 338 cities based on five indicators: concentration of commercial resources, city's pivotability, citizen vitality, variety of lifestyle, and flexibility in the future.
The list includes four first-tier cities (Beijing, Shanghai, Guangzhou and Shenzhen), 15 new first-tier cities, 30 second-tier cities, 70 third-tier cities, 90 fourth-tier cities and 129 fifth-tier cities.
The 15 new first-tier cities includes Xiamen in Fujian province.
A couple poses for engagement photos on a beach in Xiamen, Fujian province on October 25, 2013. [Photo/VCG]
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
