Economic Freedom Index: How free is China’s economy?
Economic Freedom Index
The Index of Economic Freedom is published annually by The Heritage Foundation, a Washington think tank. The Index covers 12 freedoms, which can be grouped into four broad categories:
- The rule of law (property rights, judicial effectiveness, and government integrity)
- Government size (tax burden, government spending, and fiscal health)
- Regulatory efficiency (business freedom, labor freedom, and monetary freedom)
- Market openness (trade freedom, investment freedom, and financial freedom)
Economic Freedom in China
Economic freedom in China has improved markedly over the past three years thanks to significant improvement in Property rights. It currently belongs in the “Mostly Unfree” group, along with the likes of Cambodia, Sri Lanka, Vietnam, and India.
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