China’s economy is getting more globally competitive as a result of its success in managing the coronavirus pandemic, while Hong Kong’s has been dragged down by a deteriorating labour market and a decline in international investment, Switzerland’s IMD business school said in a report released on Thursday.
The Chinese economy came in at 16th in the 2021 IMD World Competitiveness Rankings, up from 20th last year, the biggest jump among Asian economies. Hong Kong was ranked at seventh, down from No 5.
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