A Huffalump did his business here...: Less Competitive. More Expensive.

Sunday, October 01, 2006

Less Competitive. More Expensive.

A new report (via China Daily) notes that China is becoming less competitive:

“China has slipped six places to 54th in the *World Economic Forum’s (WEF) global competitiveness rankings”.

The report notes problems such as weakness in the banking sector, low penetration of technologies (such as the internet and PCs), challenges for mass education, and environmental problems.

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