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Beijing and Shanghai, which both made it into the 2015 and 2016 lists, were pushed out by second-and third-tier cities.

Beijing's municipal government will continue providing a series of preferential policies to improve the capital's business climate, one that has been highly acknowledged by foreign entrepreneurs.

Beijing released a three-year plan for opening up and reform in the financial sector in August, including the expansion of institutional access, enlarging the business scope of foreign institutions, and exploring the capital account opening.

Beijing has repeatedly complained about US restrictions on exports in areas such as high-tech goods and urged Washington to lift them.

Because running a red light or drunk-driving may cause serious injury to individuals and society, Wang said AB InBev will continue to work together with traffic police in Shanghai, making innovative digital transport interventions to urge the city's residents to "follow the rules", and "remove the hazards" on the road, in bid to build a sustainable and stable community environment.