Yiwu ranked ninth in the top 100 counties in China in terms of investment competitiveness in 2023, according to a report released by CIID Consulting Co on Nov 7.

The ranking is based on five indicators: government services, investment vitality, attractiveness of production factors, infrastructure, and natural environment.

Twenty-seven counties and county-level cities in Zhejiang province made the list.

Yiwu authorities have been making efforts to bolster the city's digital economy and cultivate an advanced manufacturing cluster. The combined output value of its large-scale industries stood at 126.8 billion yuan ($17.41 billion) in the first three quarters of this year, a year-on-year increase of 4.65 percent.

The added value of the city's large-scale industries amounted to 19.75 billion yuan from January to September, up 7.8 percent year-on-year.

The city also saw 14.36 billion yuan in investment in the manufacturing industry over the same period, increasing by 71.4 percent.