(Editor: Leona)

China Investment Network, a Beijing-based magazine, has come out with a list of China's wealthiest cities by local fiscal revenue in 2013.

The ranking is based on several factors, including size of city, population and industrial structure.

Local fiscal revenue is mainly spent on improving people's livelihoods and keeping public security.

No 1 Shanghai.

Local fiscal revenue in 2013: 410.95 billion yuan ($67.81 billion)

No 2 Beijing.

Local fiscal revenue in 2013: 366.11 billion yuan

No 3 Tianjin.

Local fiscal revenue in 2013: 207.8 billion yuan

No 4 Shenzhen.

Local fiscal revenue in 2013: 173.1 billion yuan

No 5 Chongqing.

Local fiscal revenue in 2013: 169.29 billion yuan

No 6 Suzhou.

Local fiscal revenue in 2013: 133.103 billion yuan

No 7 Guangzhou.

Local fiscal revenue in 2013: 114.05 billion yuan

No 8 Wuhan.

Local fiscal revenue in 2013: 97.852 billion yuan

No 9 Hangzhou.

Local fiscal revenue in 2013: 94.5 billion yuan

No 10 Chengdu.

Local fiscal revenue in 2013: 89.85 billion yuan