(Yicai Global) Oct. 9 -- China has retained its 28th position on a list of the world's most productive regions, outstripping other emerging BRICS economies, according to the World Economic Forum.
China increased its score by 1.3 points to 73.9 while Singapore, which surpassed the US this year to become number one on the list, had 84.8 points, according to the Global Competitiveness Report 2019 that the international NGO released today.
It has been more than ten years since the global financial crisis and although nations around the world have boosted economic stimulus, the global economy is still in a period of slow or flat productivity growth, the report pointed out.
China shines in terms of market size, innovation capability, as well as information and communications technology adoption, the report suggested. Among BRICS nations, Russia was 43rd, South Africa 60th, India 68th, Brazil 71st.
The WEF started compiling its Global Competitiveness Report in 1979, basing the assessment on more than 100 indicators to guide nations in their quests for long-term growth.
Editor: Emmi Laine