Jiangsu ranks 1st nationwide in economic comprehensiveness

Jiangsu ranks the?first in overall economic competiveness?among China's 31 provincial administrative regions, a paper released lately said. The other two regions among the top three regions are Guangdong and Beijing.

The Blue Paper of China's Provincial Competiveness was issued by Chinese Academy of Social Sciences on Mar 2.

The index system of provincial overall economy competiveness established by the Blue Paper takes various factors that influence the overall competiveness in market economy.

This assessment index system composed by four levels of indices covers economic fields of macro economy, industrial economy, sustainable development, financial work, development environment, government function and planning and coordination.

The Blue Paper indicates that,?in economic globalization, a provincial administrative region should face fierce competition from both domestic and foreign sectors, and create and ensure competitive advantage while developing the economy. The most fundamental of all, provincial administrative region should possess strong overall economic competiveness.