China has been ranked 14th out of 60 leading economies based on an assessment of the business-growth environment, according to a survey by Grant Thornton.
The position, although a drop from third in 2013, is higher than some major developed countries, including France at 23rd and Britain at 27th, according to the global dynamism index compiled by the international accounting firm. Singapore was ranked first.
The assessment is based on five categories — science and technology; labor and human capital; economics and growth; business operating environment; and financing environment.
China maintained the lead in growth and was second in human capital. The high ranking was attributed to the robust consumption and service sector against the sluggish global recovery. Lackluster performance in the business and financing environment, however, dragged down the overall rank.