Good macroeconomic situation. Despite its prolonged high inflation (which usually is over 5-6%) China’s macroeconomic situation is again very favorable (ranking 10th in the world in that aspect).
Low debt and high savings. China is one of the world’s least indebted countries, boasts a savings rate of some 53 percent of GDP, and runs only moderate budget deficits. These factors, combined with good economic prospects, contribute to an improvement of the quality of its sovereign debt far greater than that of the other BRICS.
High standards in health and education. China also achieves relatively high standards in terms of health and basic education (ranks 32nd), with positive trends in health indicators and nearly universal access to primary education, which is well assessed in terms of quality.
Improve in innovation and business. Turning to the more sophisticated areas of competitiveness, China ranks high in business sophistication (37th) and innovation (29th), particularly when considering its level of development.
Financial market development. The co