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 openness in international trade reached a score of 4.2 on a scale from zero (low openness) to ten (high openness), less than the open economy average of 5.7. Other investigated measures include: financial system development, the level of allowed and supported market competition, the development of a modern innovation system, direct investment openness, and portfolio investment openness.
Level of trade openness in China in international comparison in 2022
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Index values range from 0 = low openness to 10 = high openness and are based on an evaluation of the respective country's trade system, considering the following aspects: cross-border flow of marked-priced goods and services free from discriminatory, excessively burdensome, or restrictive measures.
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Atlantic Council. (October 4, 2023). Level of trade openness in China in international comparison in 2022 [Graph]. In Statista. Retrieved July 05, 2024, from https://www.statista.com/statistics/1274685/china-trade-openness-in-international-comparison/
Atlantic Council. "Level of trade openness in China in international comparison in 2022." Chart. October 4, 2023. Statista. Accessed July 05, 2024. https://www.statista.com/statistics/1274685/china-trade-openness-in-international-comparison/
Atlantic Council. (2023). Level of trade openness in China in international comparison in 2022. Statista. Statista Inc.. Accessed: July 05, 2024. https://www.statista.com/statistics/1274685/china-trade-openness-in-international-comparison/
Atlantic Council. "Level of Trade Openness in China in International Comparison in 2022." Statista, Statista Inc., 4 Oct 2023, https://www.statista.com/statistics/1274685/china-trade-openness-in-international-comparison/
Atlantic Council, Level of trade openness in China in international comparison in 2022 Statista, https://www.statista.com/statistics/1274685/china-trade-openness-in-international-comparison/ (last visited July 05, 2024)
Level of trade openness in China in international comparison in 2022 [Graph], Atlantic Council, October 4, 2023. [Online]. Available: https://www.statista.com/statistics/1274685/china-trade-openness-in-international-comparison/