Shenzhen, a city in South China's Guangdong province, is the best place for doing business in China, according to a new report released by the Academy of Greater Bay Area Studies.

Compared with last year, Shenzhen's business environment ranking climbed two spots to first place, Shanghai moved to second place from fourth, while Guangzhou slid to third place from first.

In the business environment index, 35 major cities are assessed based on six factors: soft environment, infrastructure, business cost, market environment, social services and ecological environment.

Let's take a look at the top 10 cities for doing business in China.

No 10 Wuhan (score: 0.388)

A driver performs a stunt at the Wuhan Motor Show. [Photo/VCG]

No 9 Changsha (score: 0.391)

With its profound history and culture that spans more than 3,000 years, Changsha in Central China's Hunan province is recognized worldwide for its efforts in cultural creativity, innovation and the media arts. [Photo provided to China Daily]

No 8 Hangzhou (score: 0.397)

The West Lake under the sunset in Hangzhou, capital of East China's Zhejiang province, March 28, 2016. [Photo/VCG]