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: The Communist Party dominates the subservient judicial system. Corruption remains endemic at all levels of government, and anecdotal information suggests that the government’s crackdown on corruption is applied inconsistently and discretionarily. Government Size View Methodology
Tax Burden 72.6 Create a Graph using this measurement
Government Spending 67.6 Create a Graph using this measurement
Fiscal Health 54.8 Create a Graph using this measurement
The top individual income tax rate is 45 percent, and the top corporate tax rate is 25 percent. Other taxes include value-added and real estate taxes. The overall tax burden equals 9.4 percent of total domestic income. 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.