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| February 24, 2010 | London tops list of 'most attractive cities in the world' | | New Delhi: United Kingdom's capital has topped the list of 'most attractive cities in the world'. The list, released by the Paris Ile de France Capitale Economique and
the consultant agency KPMG, was based on investigations by 500 merchants from
different countries and investment data from 2009, reports the China Daily. The
data was based on various indexes that KPMG had been analysing in the past 5
years,
with the cities assessed according to their political stability, security and
economic situation. London ranked first not only because all its indexes ranked
first, but also because it is deeply loved by merchants, with 42 percent of
interviewees
saying it is the most attractive city. China's Shanghai ranked second, but some
aspects of Shanghai, such as the amount of modern research centres and the amount
of office buildings have exceeded those of London. In addition to Shanghai, 2
other Chinese cities also ranked in the top-10 with Hong Kong in third place and
Beijing in fifth place. Representatives of the commercial circle believe that
over the next several years, other Asian cities such as Bombay in India and
Singapore
may also jump into the top places on the list and push out the list's European
cities. The report also said that New York City in the U.S. was previously ranked
third on the list before the financial crisis broke out, but this time, it fell
to tenth place. Besides London, only one other European city - Paris, was in the
top-5. There were 2 reasons for it, first being the amount of investment in Paris
did not decrease during the financial crisis and second, merchants generally believe
that Paris is quite attractive because of its steady politics, high living standard
and advanced infrastructure. | |
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