China the Top Country to Do Business in the World
China is a member of the WTO and the world's largest trading power, with a total trade value of US $ 3.87 trillion in 2012. Its foreign exchange reserves reached US $ 2.85 billion at the end of the year. 2010, an increase of 18.7% over the previous year. , making its reserves by far the largest in the world.
In 2012, China was the largest recipient of foreign direct investment (FDI) in the world, attracting $ 253 billion. In 2014, China's foreign currency remittances totaled $ 64 billion, making it the second largest recipient of remittances in the world. [280]
Chinese investments
China also invests abroad, with a total of $ 62.4 billion in foreign FDI in 2012, and a number of foreign takeovers by Chinese companies. In 2009, China had approximately $ 1.6 trillion in US securities and was also the largest foreign holder of US public debt, holding more than $ 1.16 trillion of US Treasuries. China's undervalued exchange rate widely criticized for manufacturing large quantities of counterfeit goods. According to consulting firm McKinsey, total outstanding debt in China increased from $ 7.4 trillion in 2007 to $ 28.2 trillion in 2014, or 228% of Chinese GDP, a higher percentage to that of some G20 countries.
+ 228% of Chinese GDP
omparing nominal GDP of major economies 2014 in billions of US dollars, according to IMF data China ranked 29th in the global competitiveness index in 2009, although ranked only 136th out of 179 countries measured in the 2011 index of economic freedom.
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Top Fortune are Chinese
In 2014, Global 500's list of the world's largest Fortune companies included 95 Chinese companies, with combined revenues of US $ 5.8 trillion. In the same year, Forbes reported that five of the ten largest public companies in the world were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of Chinahttp://mallinpallin.blogspot.com
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