4. Shenzhen city in Guangdong province

Shenzhen rose from the 16th to the tenth in the GFCI 31 with a rating score of 707. Dubbed a paragon of China's opening up and development, Shenzhen will be built into a pilot demonstration area of socialism with Chinese characteristics by 2025. The new area will feature greater opening-up, an optimized business environment, and advanced innovative capacity.