{"id":781650,"date":"2026-07-05T11:10:11","date_gmt":"2026-07-05T11:10:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/781650\/"},"modified":"2026-07-05T11:10:11","modified_gmt":"2026-07-05T11:10:11","slug":"why-has-china-lowered-its-own-ranking-in-global-financial-competitiveness","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/781650\/","title":{"rendered":"Why has China lowered its own ranking in global financial competitiveness?"},"content":{"rendered":"<p>A Beijing-based governmental think tank has taken the rare step of lowering China\u2019s global financial competitiveness ranking by one place, despite top leaders of the world\u2019s second-largest economy vowing to build it into a <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3344464\/why-chinas-path-financial-superpower-status-could-begin-hong-kong?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">financial superpower<\/a>.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China ranks fifth globally in financial competitiveness in 2026, behind the United States, Japan, the United Kingdom and Germany, slipping one place from last year\u2019s standing, a new report by the Chinese Academy of Social Sciences (CASS) found.<\/p>\n<p>\u201cChina\u2019s lower ranking, mainly due to <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3348758\/chinese-traders-shrug-volatility-buy-hong-kong-stocks-third-straight-month?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">stock market volatility<\/a> in 2024 and 2025, put it 0.09 points behind Germany,\u201d said Liu Dongmin, a senior research fellow at the Institute of World Economics and Politics of the CASS.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Countries ranking from sixth to 10th were Canada, South Korea, France, Australia and Switzerland, respectively, said the report, which evaluated 31 countries globally and was released on Friday during the Global Digital Economy Conference 2026 in Beijing.<\/p>\n<p>Introduced in 2021, the ranking system evaluates economies on five criteria: the competitiveness of the financial industry, currency, financial infrastructure, <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/fintech?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">fintech<\/a> and international financial governance.<a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3354898\/tech-strength-lift-chinese-firms-overseas-revenues-record-high-within-5-years-ubs?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Global financial competitiveness<\/a> refers to an economy\u2019s ability to allocate financial resources and manage risks more efficiently than others to drive economic and social development, CASS said.<\/p>\n<p>Hong Kong charts new phase as digital asset hub with policy blueprint, says FSTB chief Chris Hui<\/p>\n","protected":false},"excerpt":{"rendered":"A Beijing-based governmental think tank has taken the rare step of lowering China\u2019s global financial competitiveness ranking by&hellip;\n","protected":false},"author":2,"featured_media":781651,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[276,45,49,48,276661,95,269366,61168,46,17203,276662,276663,10816,15674,127,772,7893],"class_list":["post-781650","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-artificial-intelligence","tag-business","tag-ca","tag-canada","tag-cass","tag-china","tag-china-finance","tag-digital-economy","tag-economy","tag-euro","tag-financial-competitiveness","tag-financial-ranking","tag-germany","tag-hong-kong","tag-united-kingdom","tag-united-states","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/781650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=781650"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/781650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/781651"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=781650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=781650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=781650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}