Want to start a venture in China? Here are the five places Chinese managers think have the most potential.
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The next centers of commerce
When Westerners set up shop in China, they tend to focus on Beijing, the seat of power, and Shanghai, the heart of culture and commerce. That's like a foreign visitor hitting Washington and New York City and declaring he's done America. Fortune China recently conducted its fifth annual Emerging Business Cities survey, hearing from 1,278 Chinese senior managers who ranked 50 selected cities based on the overall business environment, the cost of doing business, the local talent pool, and the quality of life. They think the following sites have the potential to become the next generation of mega-cities.