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China gaining ground in global competitiveness

(People's Daily Overseas Edition)

15:00, September 08, 2011

Edited and Translated by Han Shasha, People's Daily Online

The 2011-2012 Global Competitiveness Report ranked China 26th in terms of global competitiveness, which marks an improvement of one position over the ranking last year.

China leads the way among the BRIC economics. Of the four other BRIC countries, South Africa and Brazil moved up to 50th and 53rd, respectively, while India and Russia were downgraded to 56th and 66th, respectively.

Since 2005, China has been moving up in the rankings year by year. The report speaks highly of China's macroeconomic environment, which is ranked 10th among the 142 economies covered by the report.

With its high savings rate and moderate fiscal deficit, China is one of the countries with the least amount of debt around the world, according to the report. With sound economic prospect, China has done better than other BRIC countries in improving the quality of its sovereign debt.

Since 1979, the Global Competitiveness Report, issued annually by the World Economic Forum, has ranked countries with key pillars of competitiveness.

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PD User at 2011-09-1368.109.197.*
Congrats, China! Ranked 26th in competitiveness, good job!
Ian at 2011-09-0860.229.201.*
I live in Australia. We have a high level of Chinese immigrants - every one I"ve met really nice people. I read your headlines, not the articles, and find them offensive to reality. i.e. Western Colonialism emerges in Libya? Hardly a true statement at all. Would like to debate this with you live on line with an active audience!. No 2. China committed to peace and growth? 20 plus years ago you bought an old aircraft carrier from us for the scrap metal yard, only you havent scrapped it, but studdied it to build sophisticated carriers of your own - stil HAVE NOT scrapped it! Would like to discuss THIS on line with you too! South Korea turns tourist resort in to naval base? Chinese mainland actively threatens Taiwan, coludes with an international rogue state of N Korea, claims islands from the Philippines which has historically ALWAYS been Philippino, NO BLOODY WONDER S KOREA is doing that - would like to discuss THIS with you on line as well! - WTO ruling subtle report on protectionism? With a controlled, protected currency, not at the mercy or international forces of supply and demand, I would ALSO like to discuss THIS with you on line. MY E MAIL address by the way [email protected] you don"t have to use the excuse I can"t be found! OHHH P.S. No western countries news blurbs like this one have a devotional segment on their military - no wonder we are suspicious and a little frightened of you! Do you think Kevin Rudd made those comments released on wikileaks as a method of threatening China? You are a thousand times stronger than us - so that would not be the truth - the truth must therefore be suspicion of your motives - I would ALSO like to discuss this with you on line!
  

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