Guangzhou was crowned as the best Chinese city for international investors in 2017, Guangzhou Daily reported on Dec, 29.

The award is based on Dow Jones data, the most authoritative third-party data group in the world, after a study of over 10,000 overseas investors from 17 countries.

Guiyang, Qingdao, Wenzhou, and Xi’an also received the title.

Guangzhou’s favorable investment environment has attracted over 20,000 investors, including 297 fortune global 500 enterprises, from more than 120 countries and regions.

The city is a huge market with substantial opportunities and potential. With a total area of 7,434.4 square kilometers and a permanent resident population of 14 million, it has created a GDP equal to those of Hong Kong and Singapore.

Guangzhou’s convenient transportation is another highlight. Shipping and air routes in Guangzhou lead to 400 ports in over 100 countries and regions. By 2016, 130 airlines have been opened in Guangzhou Baiyun International Airport, transporting 60 million passengers and 1.64 million tons of cargo.

In addition, the favorable environment for innovation and entrepreneurship, as well as the livability of the city, were also important.