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China's Best Places for Business
Submitted by Pinkbull on Tue, 09/02/2008 - 09:16.
The thriving eastern China city of Hangzhou's lush hills and scenic lake plus a pro-growth business environment put it atop FORBES CHINA's rankings of the country's best places to do business for the second year in a row. The capital of Zhejiang province, Hangzhou is home to Internet firms including Alibaba, which just landed a billion-dollar-plus investment from Yahoo for a 40% stake. Several key players in China's thriving textile trade are based there as well.
A weekend playground for interlopers from Shanghai, the city also will host a massive travel expo in 2006 that may put it on the world map as an exhibition center. FORBES CHINA's city rankings are based on market size, transportation infrastructure, success in attracting private investment and other factors.
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