Global cities index 20202/12/2024 ![]() ![]() At the same time, Beijing has been climbing the index at a rate of knots in recent years, as China cements its place as a global trade and business hub. Prolonged protests against the government – and the subsequent backlash – have not only dented Hong Kong’s international reputation, but have also caused significant economic disruption. One is the internal political situation in the city. This year, a number of factors have combined to cause this unprecedented drop out of the top five. That being said, in around ten years of the GCI, Hong Kong has never failed to occupy 5th place on the index, consistently behind Tokyo in 4th. Both have also emerged as technology hubs in recent years, of a calibre that can rival Silicon Valley according to some analysts. ![]() No doubt, Tokyo and Beijing have vibrant business environments and a strong entrepreneurial segment. Tokyo is the highest ranked Asian city in 4th, followed immediately by Beijing in 5th and Hong Kong in 6th. Tokyo, Beijing, Hong Kong, Singapore, Shanghai, and Seoul are all top global cities according to the analysis by Kearney. The Global Cities Index has been ranking cities around the world every year since 2010, based on five factors that make a city global: business activity, human capital, information exchange, cultural experience and political engagement. This is according to Kearney’s latest Global Cities Index, which features six Asian cities in the top 30. Beijing has joined Tokyo on the list of top five cities in the world, while Hong Kong and Singapore also made an appearance in the top 10. ![]()
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