China strong in world economic ranking

China continues its steady rise in competitiveness and is leading other BRICS nations and other emerging economies by a large margin, according to a recent global economic report.

The world's second largest economy came in at 26th place on this year's Global Competitiveness Report 2011-2012 form the World Economic Forum (WEF).

The determining factors for China were a sound macroeconomic situation, a moderate budget deficit, a high savings rate, and increased access to healthcare and education.