This report measures the competitiveness of global 137 economies with 12 indicators from three levels: basic conditions, efficiency improvement and innovation maturity. According to the report, the overall competitiveness of the Asia-Pacific region is improving. Singapore ranks third in the world after Switzerland and the United States; China and Hongkong surpassed Japanese, ranking sixth; China ranks 27th, continues to lead the BRICS countries, and remains one of the most competitive emerging economies in the world.
According to the report, China is the most outstanding in three indicators: market size, macroeconomic environment and innovation, and has made great progress in technology readiness, commodity market efficiency and higher education and training.
"China's enthusiasm and actions in technology development and application and personnel training are obvious to all." david aikman, chief representative of the Greater China region of the World Economic Forum, said that the improvement of China's commodity market efficiency also reflects the government's achievements in promoting functional reform, stimulating market vitality and entrepreneurship.
India's ranking rose to 40th place. Except Singapore, the five countries with the largest ASEAN economies are all on the list, followed by Malaysia (23rd), Thailand (32nd), Indonesia (36th), Vietnam (55th) and the Philippines (56th).
The report also pointed out several major problems facing the global economy, including: the risk of financial system destruction still exists, and the financial system of some economies has even deteriorated further; Due to the imbalance between technology research and development and popularization and application, although there is a lot of innovation investment, it has not brought about a substantial increase in productivity as people expected.
As an unofficial international organization, the World Economic Forum holds the "Annual Meeting of New Champions" twice a year in summer and winter (Davos Forum), which has become an important platform for politicians and business people from all countries to discuss world economic issues.