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| Infographie : F. Descheemaekere |
[China Daily]
China's global competitiveness ranking declined for the first time in 2012 after seven years of steady progress.
Experts said the news is a warning to Beijing that it needs to effectively increase education and innovation investment and speed up market-oriented reform. In the Global Competitiveness Report 2012-13, released on Wednesday, the Switzerland-based World Economic Forum said China's competitiveness ranking dropped from the world's 26th in 2011 to 29th this year, its first decline since 2005. For the fourth straight year, Switzerland was ranked No 1, and this year, it is followed by Singapore. Hong Kong and Japan are also on the top-10 list.The report's competitiveness ranking is based on the Global Competitiveness Index (GCI), calculated by drawing together public and private data in 12 key categories, including institutions, infrastructure, macroeconomic environment and innovation.
The factors make up a comprehensive picture of an economy's competitiveness. Chi Fulin, president of the China Institute for Reform and Development, said the lower ranking for China this year is largely the result of its economic slowdown since late 2011.
Lire : europe.chinadaily.com.cn
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