How difficult is China's business environment for European and American

Note: In the GRC, the ‘trade openness’ indicator is a composite indicator comprising the results of a survey on the prevalence of non-tariff barriers, the weight of trade tariffs, the complexity of the tariff regime and border clearance efficiency. [...] Although the GCR ranks China high in innovation (10 in innovation capability, second in the prominence of its research institutions, and 18 in ICT adoption), China is ranked only 78 in diversity of the workforce in the innovation sector and is ranked 50 in international co-inventions. [...] The large differences in ranking on judicial effectiveness between the DB and the GCR may be attributed to the fact that GCR scores are based on perceptions of the business sectors while DB scores are based on an examination of formal procedures and the perceptions of lawyers. [...] In contrast, the GCR ranks China quite highly, 27, on the extent of domestic com- petition in the economy, a measure of the contestability of markets, in line with the OECD average (Figure 13). [...] Indeed, China generally does better, and the overall assessment of the business environment in China by the World Bank in the DB and World Economic Forum in the GCR is in line with that of the average of OECD countries.