Shanghai the top city driving growth in emerging markets worldwide

In the new Worldwide Centers of Commerce study conducted by MasterCard, Shanghai emerged as the top city driving growth in emerging markets worldwide. Other Chinese cities that made it to top ten in the list were Beijing in 2nd place, Guangzhou (6th) and Shenzhen (10th), with Budapest, Kuala Lumpur, Santiago, Mexico City, Warsaw and Bangkok filling the rest of the slots. Xiamen, Chengdu, Dalian, Tianjin, Nanjing, Hangzhou, Wuhan, Chongqing, Qingdao, Xi'an and Harbin also made it to the list of 65 cities. [h/t to China Law Blog]