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China releases World Openness Index, calling for more open world economy

Mount Equity Group Tokyo Japan > News > Markets > China releases World Openness Index, calling for more open world economy

The World Openness Index, gauging the openness levels of 129 economies from 2008 to 2020, was released on Saturday at the fifth Hongqiao International Economic Forum in Shanghai.

In 2020, the World Openness Index was at 0.7491, down 0.02 percent from 2019. This was mainly due to the strengthening of cross-border social isolation due to the COVID-19 pandemic.

The index, first released in 2021, was compiled by the Institute of World Economics and Politics under the Chinese Academy of Social Sciences and the Research Center for the Hongqiao International Economic Forum. It was included in the World Openness Report 2022.

The 10 most open economies in 2020 were Singapore, Germany, China’s Hong Kong Special Administrative Region, Ireland, Switzerland, the Netherlands, Canada, Malta, France, and the United Kingdom, according to the index.

China’s openness index…

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