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China gets top ranking in survey of world's emerging economies

China gets top ranking in survey of world's emerging economies

Write: Miro [2011-05-20]
China ranks No 1 among 27 emerging economies due to its huge consumer market and rapid economic growth, according to the Emerging Markets Opportunity Index released by US accounting firm Grant Thornton.
The index takes account of key factors such as the size of the economy, wealth, involvement in world trade, growth potential and levels of human development.
China scores 454 points, double the India's score (222 points) in second place and almost triple that of Russia (163 points) in third place.
"China leads the way thanks to the country's huge consumer market, an increasingly open economy and extremely rapid trade growth, which offer a myriad of business opportunities for potential investors," said Xia Zhidong, partner and vice-chairman of Grant Thornton China.
According to figures from the United Nations Conference on Trade and Development, China attracts the most foreign investment among the BRIC (Brazil, Russia, India and China) countries.