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China publishes World Openness Index – Xinhua News

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Xinhua Editorial Responsibility.

(Xinhua) – Shanghai, November 05 – The World Openness Index, which measures the openness of 129 major economies from 2008 to 2019, was released today at the 4th Hong Kongo International Economic Forum in Shanghai.

The 2021 World Openness Report includes an index prepared by the Chinese Academy of Social Sciences Institute of World Economics and Politics and the Hong Kiao International Economic Forum Research Center.

According to the index, the 10 most open economies of 2019 are the Hong Kong Special Administrative Region of Singapore, Germany, China, Ireland, the United Kingdom, Switzerland, the Netherlands, France, Canada and Malta.

As about 80% of economies expand their openness, the global index fell from 0.7790 to 0.7480 or about 4% from 2008 to 2019.

The United States, the most open economy in 2008, slipped to 22nd place, with its opening index falling from 0.9328 to 0.7666. The report found that the country has slowed the local and global pace of cross-border openings, as the United States accounts for about 25% of the world economy. (Continued)

Xinhua Editorial Responsibility.