Chinanews, Beijing, March 14 – According to “A Report of Overall Competitiveness of China's Provincial Economy”, Shanghai, Beijing and Guangdong Province rank among the top 3 competitive economic regions in China, while Sichuan Province is the fastest-developing one, as its ranking has leaped 8 places from the 2004 report.

 

The report was published on March 13, 2007, by Social Sciences Academy Press. It is based on several carefully selected indexes and mathematic models, with the statistics collected in 2004 and 2005. The major indicators include macro economic competitiveness, industrial competitiveness, sustainable development capacity, and regional financial capacity.

 

Ten provinces rank higher than in 2004, and 10 lower. Anhui Province should be aware, as its ranking has dropped by 6 places.

 

Interestingly, the rankings of Fujian Province and Inner Mongolia are quite high, while they are usually considered as “less-developed regions” in China.