Jiaxing and Zhenjiang are two developing areas benefitting from migration out of first-tier areas
“Shanghai is moving on, and the rest of the country is coming with it.”
That's how Jeremy Chapman of Colliers International summarized the growing trend of companies moving out of first-tier cities like Shanghai and into more recently developed second and third-tier centres like Hangzhou, Nanjing, in the nearby provinces of Zhejiang and Jiangsu.