The World Economic Forum in Geneva, Switzerland, released the “Global Competitiveness Report 2014~2015” on September 3. Mainland China’s competitiveness ranked 28th, one place higher than last year.
This report shows that China still maintains its leading position among the BRICS countries. Among the other four BRICS countries, in addition to Russia (53rd), South Africa (56th) and Brazil (57th) have improved their rankings. ) and India (71st) both declined, with the competitiveness gap between India and China widening from 8th place in 2006 to 43rd place currently.
Thierry Geiger, an economist at the World Economic Forum who is responsible for the Asian part of the report, said in an interview with Xinhua News Agency that China’s performance remains stable and positive, with competitiveness in infrastructure, education and institutions. Stronger.
Geiger said: “China has invested in the basic elements of building competitiveness, giving China a solid foundation for its competitiveness development. In addition, China also has a very positive and favorable macroeconomic environment.” He said, These also explain to a large extent why China has maintained its lead among the BRICS countries.
However, he also pointed out: “There are still problems such as unfair market access and market distortions in mainland China, which affect the optimal allocation of resources such as capital and human resources. China needs to improve market efficiency, which will be critical to the next stage of development. Say it’s crucial.”
In this year’s ranking, Hong Kong, China ranks 7th. Geiger said that Hong Kong, China’s strong competitive advantage lies in its efficient market, especially its labor market that efficiently allocates human resources, and its important position as an international financial center.
In this year’s competitiveness ranking covering 144 economies around the world, Switzerland topped the list for the sixth consecutive year. The report stated that this was mainly due to its transparent and efficient system, well-functioning market and strong innovation. .
Singapore and the United States followed closely, ranking 2nd and 3rd respectively. Among them, the United States maintained an upward momentum, scoring higher in areas such as institutional systems and innovation, and its ranking rose two places from last year. Finland and Germany’s rankings each dropped one place from last year, ranking 4th and 5th respectively. Japan ranks 6th.
The report believes that although Southern European economies such as Spain (35th), Portugal (36th) and Greece (81st) have made significant progress in market operations and productive resource allocation, their overall competitiveness rankings are still lean back.
Chile (33rd) continues to maintain its leading position in Latin America, but the report states that major economies in the region need to carry out reforms and make productive investments to improve infrastructure, technology and innovation capabilities.
The report points out that the biggest challenge in maintaining global economic growth lies in the uneven implementation of structural reforms in different regions and countries with different levels of development. It also emphasizes that in order to achieve sustainable and inclusive economic development, talent and innovation are the key to achieving sustainable and inclusive economic development. Two areas where public and private sector leaders need to collaborate more effectively.
Klaus Schwab, Chairman of the World Economic Forum, said that the current global geopolitical tensions, increasing income inequality, and potential tightening of financial conditions pose risks to the global economic recovery and require all economies to carry out structural reforms. to ensure sustainable and inclusive growth.
