Beijing Continues to Lag Behind Shanghai for Business and Expats
The
long-running rivalry between Beijing and Shanghai continues to slide
into irrelevance as the latter builds on its success as China's top city
for doing business and attracting expats.
Out of the 193,000
work permits China issued to foreign nationals over the last eight
months, approximately one-fourth (43,000) were given to expats residing
in Shanghai, an amount over twice of those given to Beijing expats
(21,200).
Beijing popularity among new work permit holders even
came behind second-place Guangdong Province, which was issued 33,000 of
the newly unified visas that prioritized applicants in a letter-grading
system.
Beijing was also ranked behind Shanghai and the Guangdong capital of Guangzhou in the annual Forbes China list
of the top 10 Chinese cities to do business. The bronze finish
demonstrates that Beijing has been advancing up the list over the years,
rising from last year's fourth place and from its seventh place in 2015
as a result of its urban size and labor market. And yet, it remains a
dull choice.
For six years
running, Shanghai has been named the most attractive city for expats
according to some 20,000 expat respondents in an annual survey. With 57
percent of expats saying they came to China for job opportunities and
then 72 percent claiming they are satisfied with their jobs, it's clear
that fewer expats prefer Beijing, which was named as their sloppy second
choice for 2017.
But, as it has the pride of being the capital
of China, Beijing has announced a new policy to help make it a more
alluring expat destination with last December's plans to reform the R
visa. However, the policy is only directed at making it easier to
attract "high-end, top talent" that doesn't apply to the non-elite.
But, fear not, the reforms are all going according to plan. Party official Zhang Jianguo called the reforms "an important measure for thoroughly implementing socialism with Chinese characteristics in the new era."
So take that, Shanghai. This rivalry isn't over yet.
Images: ChinaDaily.com.cn, AskIdeas.com
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