Development gap among Asian economies narrowing: report

0 Comment(s)Print E-mail Xinhua, March 26, 2019
Adjust font size:
A press conference of the Boao Forum for Asia (BFA) Annual Conference 2019 is held in Boao, South China's Hainan province, March 26, 2019. [Photo/Chinanews.com]

The competitiveness gaps between Asian economies were narrower in 2018 than in previous years, according to a report released by the Boao Forum for Asia (BFA) Tuesday.

The 37 Asian economies evaluated in the report all scored higher in 2018 in terms of their comprehensive competitiveness, with shrinking gaps between the scores, the BFA Asian Competitiveness Annual Report 2019 said.

The report provides rankings of the Asian economies in terms of their commercial and administrative efficiency, infrastructure level, overall economic vitality and social development as well as human capital and innovation capability.

"Asian economies have started to enjoy the bonus of the progressing regional economic integration against the complexity of the domestic and international situation," the report said.

With increased awareness of building an Asian community of shared future and further regional integration, Asia will be able to achieve self-reliant stable growth, it said.

"Its huge consumption market and infrastructure market will enable Asia to take the lead in recovering from the economic downturn and drastically improving security," it said.

The BFA annual conference runs from March 26 to 29 in Boao, a coastal town in China's southern island province of Hainan. 

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter