IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL CHINA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Beijing

2016 2017 2018 2019 2020

9,563 2019 6.908 2019

13

14

Exchange Rate (per $)

18

20

25

1,400.05 2019 14,342.9 2019 19,504 2019

1

Population - market size (millions)

CHALLENGES IN 2020 Increase effective investment to stabilize socio-economic development. • Increase effective investment to stabilize socio-economic development. • Expedite new infrastructure development to boost industrial and consumption upgrading. • Support small and medium-sized enterprises (SMEs) to mitigate the impact of the Covid-19 pandemic. • Address challenges posed by people's ever-growing needs for better life. • Facilitate marketization reform to invigorate micro entities and stimulate companies' potential.

2

Gross Domestic Product (GDP) (US$ billions)

52

GDP (PPP) per capita (US$)

6.1 2019 2.90 2019 3.60 2019

1

Real GDP growth (%)

48

Consumer price inflation (%)

15

Unemployment rate (%)

805.25 2019

1

Labor force (millions)

0.99 2019

31

Current account balance (% of GDP)

1,627.7 2018

5

Direct investment stocks inward ($bn)

China Institute for Development Planning, Tsinghua University Provided by: China Institute for Development Planning, Tsinghua University

1.09 2019

50

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

2

6

6

10 10

11

13

20

22

23

28

29

30

30

36

36

38

41

47

56

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

3

3

3

3

5

5

5

7

7

8

62

IMD WORLD COMPETITIVENESS BOOKLET 2020