China's Competitiveness Rises to World's 33rd Place

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Last updated at: (Beijing Time) Thursday, August 14, 2003

China's Competitiveness Rises to World's 33rd Place

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China's competitiveness rises from 39th in 2001 to 33rd in 2002, and China's Taiwan region rises from 7th to 4th, according to the findings of "The Global Competitiveness Report 2002-2003 (Chinese Edition)" released on Aug 12 by the World Economic Forum.

In terms of the developing market economy, China and India have made great progress on their own basis, ranking 33rd and 48th respectively (Indian ranked 57th in 2001). According to the report, the rising of the competitiveness of the two countries should be attributed to their stable macro-economy; but as for China, the drop of the potential debt crises created by the problems of banks is an important factor.

The top three are as following: the United States, Finland and China's Taiwan, yet in 2001 it was Finland, the United States and Canada. The United States ranks first against after ranking second for two successive years, which should be attributed to the excellent development of hi-tech industry in US. It is mainly because of the high index in the side of technology that China's Taiwan got the high comprehensive index.

By PD Online Staff Liu Wei

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