China - January 2021

China is the world’s second largest economy, behind the US, and outperforms its peers in emerging and developing Asia on indicators of growth, per capita income, creditworthiness and business climate. China’s economy is one of the few around the world that has continued to grow during the COVID-19 pandemic. Per capita incomes continue to rise, surpassing an estimated US$10,500 in 2020.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars and is the five-year average between 2021 and 2025 as provided by the IMF. Annual GDP growth is the five-year average between 2021 and 2025. Business climate is measured by the World Bank’s latest Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other regional countries.