6. Beijing, China
The China capital Beijing is now home to the headquarters of 52 companies on the Fortune Global 500, the most of any city in the world, while 161 major multi-national corporations have regional headquarters in the city.
As well as being attractive to established companies China has a tax relief program for startups with annual tax deductions of up to $1,500 to businesses established by previously unemployed workers and recent college graduates.
And earlier this year, China set up a $6.5bn venture capital fund for startups. China now runs at least 1,500 incubators under the Ministry of Science and Technology’s 27-year-old Torch Programme, a nationwide initiative that provides policy, financing and consulting services for tech firms.
Beijing is quickly catching up with Hong Kong as the number one Chinese city for business, with the government plans to further ease regulation and improve policies.
The National Development and Reform Commission and Cloud River Urban Research Institute recently ranked Beijing as number one in the country for economic growth, social development and the environment in the China Integrated City Index.