Shawn Moore, CTO at Solodev.
Shanghai ranked the 13th, up three spots from the previous ranking, while Beijing advanced 10 spots to number 16th.
Shanghai has been a pioneer in legal practices related to international business, finance and trade. In 2014 it became the only city in the country to allow a local law firm and a foreign one to exchange legal advisers in the China (Shanghai) Pilot Free Trade Zone, according to the justice bureau, which has put forward various measures to encourage domestic law firms to further cooperate with firms from overseas - for example, allowing them to employ foreign attorneys - as the eastern metropolis aims to boost support for overseas investors.
Shanghai plans to this year commence construction of a theater dedicated to opera, as well as an equestrian park.
She added that once the hosts of livestreaming apps notice illegal content, they must stop transmitting, retain the videos and report to the police.
Shanghai will spare no efforts in ecological conservation, he said. A trash-sorting campaign has been rolled out citywide, and the city plans to address the challenge of comprehensive program for properly dealing with all trash by 2020.
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Shanghai will intensify inspections and introduce smart technology to prevent floods and falling hazards during the flood season this year.
Shanghai, Shenzhen and Hangzhou also became part of the 20 world cities with the most AI companies.
Shadow banking, which takes place outside regulatory scope, remains a key source of risks to financial stability following years of rapid growth.
Shanghai's COVID-19 epidemic control office announced on Tuesday that the municipality has begun to strengthen health screening for travelers or residents returning from a middle-risk area for epidemic prevention and control.