China’s post-pandemic economic performance has been a key driver of its improving global competitiveness and its management of the virus contributed significantly to its higher ranking this year, said Christos Cabolis, chief economist at the International Institute for Management Development’s World Competitiveness Centre.
Cabolis said Asian economies, including China and Taiwan, were among those that had strong success in tackling the Covid-19 public health crisis, which helped to steady their business environments. Singapore’s economy is still the top performer in Asia, although it lost its number one spot to Switzerland this year, sliding to fifth.
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