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To measure which cities are at the forefront of tech, the Savills Tech Cities index measured 30 cities across the world based on 100 individual metrics in six categories, including business environment, tech environment, city buzz & wellness, talent pool, real estate costs and mobility.
These cities, which are important centers for tech in their regions and VC investment hotspots, are outperforming other global cities. GDP across the 30 Tech Cities is forecast to rise by 36% in the next decade, against a rate of 19% across other developed cities.
Chinese cities have grown fast in the tech industry and now account for a higher share of VC investment than their US counterparts. Six cities in China are among the 30 Savills Tech Cities, including Shanghai, Beijing, Hong Kong, Shenzhen, Hangzhou and Chengdu. Chengdu, with a pro-business government and rising investment in the tech industry, ranks 26th on the list.