An investigation into China's economy and market openness based on key economic data indicates that the economy in China today is generally more open than in 2010, but less open than in many other advanced countries. The development of the financial system reached a score of 4.4 on a scale from zero (low development) to ten (high development), less than the open economy average of 6.4. Other investigated measures include: the level of allowed and supported market competition, the development of a modern innovation system, trade openness, direct investment openness, and portfolio investment openness.
Level of financial system development in China in international comparison in 2023
Index values range from 0 = low development to 10 = high development and are based on an evaluation of the respective country's financial system, considering the following aspects: market-driven credit pricing, availability of a broad range of financial instruments, the absence of distortive administrative controls on credit price and quantity, and access for foreign firms to financial services and foreign exchange markets.
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Atlantic Council. (October 15, 2024). Level of financial system development in China in international comparison in 2023 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1273247/china-financial-system-development-in-international-comparison/
Atlantic Council. "Level of financial system development in China in international comparison in 2023." Chart. October 15, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1273247/china-financial-system-development-in-international-comparison/
Atlantic Council. (2024). Level of financial system development in China in international comparison in 2023. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1273247/china-financial-system-development-in-international-comparison/
Atlantic Council. "Level of Financial System Development in China in International Comparison in 2023." Statista, Statista Inc., 15 Oct 2024, https://www.statista.com/statistics/1273247/china-financial-system-development-in-international-comparison/
Atlantic Council, Level of financial system development in China in international comparison in 2023 Statista, https://www.statista.com/statistics/1273247/china-financial-system-development-in-international-comparison/ (last visited November 23, 2024)
Level of financial system development in China in international comparison in 2023 [Graph], Atlantic Council, October 15, 2024. [Online]. Available: https://www.statista.com/statistics/1273247/china-financial-system-development-in-international-comparison/
