Better education for competitive boost

As expected, China is the best performer among the five BRICS economies in terms of competitiveness. Its position in the global competitiveness ranking remains unchanged from last year in the latest report of the World Economic Forum, ranking 28th among 141 economies.

The report's index maps out the competitiveness landscape of 141 economies based on more than 100 indicators in a dozen categories, which include health, financial system, market size, business dynamism and capacity to innovate.

What is noticeable is the fact that China has obvious strengths in areas such as the sheer size of its market, macroeconomic stability, information communication and technology adoption and increasing capacity for innovation.