Chinanews, Beijing, Feb. 12 – A recent survey shows that due to its rapid economic development, China is ranked as a country that has had the greatest economic impacts on global enterprises over the past two years, among all the four rising economic nations, Brazil, Russia, India and China, also known as the BRICs, the China Securities Journal reported.

 

The survey, titled "International Business Survey Report", was done by Experian, one of the largest credit companies in the world, and Grant Thornton, a global accounting firm.

 

Due to its rapid economic development, China’s impact index in the report reaches 12%, doubling the figure last year, followed by Russia and India, which shares the same degree of impact index. Brazil is ranked as No.4 on the list.

 

“The economic scale, global trade volume and the investment in Chinese mainland have all increased rapidly and its economic impact is rising in the Asian region, or even in the world. The low production cost here has brought far-reaching impacts on both world competition and global trade, ” said Tapan Datta, an economist at Experian.

 

The booming Chinese economy has also boosted the business in the world, mostly in the Asia-Pacific region. It has benefited Hong Kong, Singapore and the Philippines most, according to the survey.

 

“Chinese mainland economy has brought positive impacts in that it has greatly boosted the business in other countries. We have compared all the contents that our respondents pick and find that in light of the impacts that Chinese economy has brought to them over the past two years, more and more of our respondents are trying to seize the opportunities offered by the rising economy in China,” said Yuan Guoqiang, Grant Thornton’s business partner in charge of the business in China.