THE Futian central business district, widely known as Futian CBD, ranked first among the central business districts in China in terms of tax revenue, according to a blue paper issued Nov. 29 in Beijing.

The blue paper, titled “report on the industrial development of central business districts — central business districts facilitate balanced and high-quality development of regions,” was issued by the Capital University of Economics and Business and Social Sciences Academic Press.

According to the blue paper, Futian CBD came in fourth in terms of comprehensive development index, and first in terms of tax revenue with 11.11 billion yuan (US$1.62 billion), making it the richest central business district in China.

Based on the ranking of business attractiveness of cities in China, the paper selected four central business districts from first-tier cities, 10 from new first-tier cities and one from a second-tier city to conduct a scientific and comprehensive analysis on the developmental situation and potential between 2014 and 2016.

The result indicated that the situation in major central business districts in China was actually neck-and-neck. Chaoyang District in Beijing, Pudong New District in Shanghai, Tianhe District in Guangzhou and Futian District in Shenzhen are the four major players. However, the developmental factors for each district vary. Scientific innovation is the main driver for the development of the central business districts in both Beijing and Shenzhen. (Wang Jingli)