The World Economic Forum (WEF) released the "2010-2011 Global Competitiveness Report" in Beijing on September 10. China's global competitiveness ranking rose from 29th last year to 27th. The United States was once again surpassed by Sweden and Singapore, ranking down to fourth place.
The report shows that Asian economies have achieved good results in the global competitiveness rankings. Among them, the Chinese mainland continues to lead, and the ranking has risen by two. Singapore broke into the top three, and Japan and Hong Kong also entered the top 20.
Switzerland ranked first for two consecutive years, and the United States fell to fourth place this year after losing its top spot last year. The Nordic countries continue to perform well on the rankings, with Sweden, Finland and Denmark both in the top 10.
According to WEF, commercial maturity and innovation are key indicators of an innovation-driven economy. In addition to the increasingly serious macroeconomic imbalances, the weakening of public and private institutions in the United States and concerns about the state of the US financial market are the reasons for the decline in the United States. The main reason for the increase in the ranking of the Chinese mainland is that the mainland China has increased in terms of “commercial maturity and innovation†compared to last year.
The Competitiveness Ranking of the Global Competitiveness Report is based on the Global Competitiveness Index, which is based on 12 major competitive factors. The report shows that only the macroeconomic policies and market size of China's mainland are ranked high, while other projects are ranked slightly below average. WEF believes that there are still some areas in mainland China that need further development, especially in terms of financial market maturity, technology and higher education.
In the recent period, as the economic situation is still weak, the US government has begun to develop a new economic stimulus plan. Jennifer Blanc, chief economist of the World Economic Forum, said that the United States has introduced a new round of stimulus policies, and in the short term, the benefits will increase for China and other US trading partners. However, the foundation of the US economic stimulus policy is based on the already high debt burden, and high debt may affect the US economy in the long run. If the US economy is affected, it may not be a good thing for China, one of its trading partners.
Since 1979, the World Economic Forum has judged the competitiveness of each country or economy. It is one of the most well-known institutions in the world for competitiveness evaluation. It launches a comprehensive evaluation of a country or economy. The annual Global Competitiveness Report.
The report shows that Asian economies have achieved good results in the global competitiveness rankings. Among them, the Chinese mainland continues to lead, and the ranking has risen by two. Singapore broke into the top three, and Japan and Hong Kong also entered the top 20.
Switzerland ranked first for two consecutive years, and the United States fell to fourth place this year after losing its top spot last year. The Nordic countries continue to perform well on the rankings, with Sweden, Finland and Denmark both in the top 10.
According to WEF, commercial maturity and innovation are key indicators of an innovation-driven economy. In addition to the increasingly serious macroeconomic imbalances, the weakening of public and private institutions in the United States and concerns about the state of the US financial market are the reasons for the decline in the United States. The main reason for the increase in the ranking of the Chinese mainland is that the mainland China has increased in terms of “commercial maturity and innovation†compared to last year.
The Competitiveness Ranking of the Global Competitiveness Report is based on the Global Competitiveness Index, which is based on 12 major competitive factors. The report shows that only the macroeconomic policies and market size of China's mainland are ranked high, while other projects are ranked slightly below average. WEF believes that there are still some areas in mainland China that need further development, especially in terms of financial market maturity, technology and higher education.
In the recent period, as the economic situation is still weak, the US government has begun to develop a new economic stimulus plan. Jennifer Blanc, chief economist of the World Economic Forum, said that the United States has introduced a new round of stimulus policies, and in the short term, the benefits will increase for China and other US trading partners. However, the foundation of the US economic stimulus policy is based on the already high debt burden, and high debt may affect the US economy in the long run. If the US economy is affected, it may not be a good thing for China, one of its trading partners.
Since 1979, the World Economic Forum has judged the competitiveness of each country or economy. It is one of the most well-known institutions in the world for competitiveness evaluation. It launches a comprehensive evaluation of a country or economy. The annual Global Competitiveness Report.
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