Title: China Economy: Population, GDP, Facts, Trade, Business, Inflation, Corruption
Headings: China
China
Rule of Law
Regulatory Efficiency
Open Markets
Background
Rule of Law View Methodology
Government Size View Methodology
Regulatory Efficiency View Methodology
Open Markets View Methodology

Content: Government spending has amounted to 32.9 percent of total output (GDP) over the past three years, and budget deficits have averaged 5.0 percent of GDP. Public debt is equivalent to 54.4 percent of GDP. Regulatory Efficiency View Methodology
Business Freedom 80.2 Create a Graph using this measurement
Labor Freedom 64.9 Create a Graph using this measurement
Monetary Freedom 69.8 Create a Graph using this measurement
Fewer steps are now required to start a business or obtain electricity. Minority shareholder protections have increased on paper but are less certain in practice. China’s labor and social insurance laws are hard to navigate. The government maintains an extensive system of subsidies for numerous inefficient state-owned enterprises and controls the prices of essential goods and services. Open Markets View Methodology
Trade Freedom 71.2 Create a Graph using this measurement
Investment Freedom 20.0 Create a Graph using this measurement
Financial Freedom 20.0 Create a Graph using this measurement
China has 15 preferential trade agreements in force. The trade-weighted average tariff rate is 4.4 percent, and 397 nontariff measures are in effect. The National People’s Congress has passed new laws replacing previous codes governing foreign investment, but China’s protectionist foreign investment approval system remains restrictive and lacks transparency. The government continues to maintain its tight grip on the financial system.