An Analysis of China's International Competitiveness

The criteria used in measuring the competition the country level, determined by the International Management Development Center in the World Competitiveness Report, are economic performance, government efficiency, business efficiency, and infrastructure. The international competitiveness of China, which is claimed to be some position with the United States in the world market in 2050, has been evaluated in this study, based on IMD competitiveness criteria. China has great progress in development through major changing strategies, methods, and reforms over the last 70 years. According to the international competition report, its rank is 13th in the international competition. The reason for China's capability on international competitiveness and its impact on the world economy is based on the fact that it combines cheap labor with the liberalization in foreign trade and foreign direct investment.