• Skip to content
  • Skip to navigation
Global site
  • Global site
Grant Thorton Logo

Grant Thornton Logo Grant Thornton logo

Find your local member firm
  • About Us
  • Locations
  • Services
  • Industries
  • Insights
  • Advisory
  • Assurance
  • Tax
Advisory Home
  • Business consulting services
  • Business process solutions
  • Business risk services
  • Cybersecurity
  • Forensic and investigation services
  • Mergers and acquisitions
  • Recovery and reorganisation
  • Transactional advisory services
  • Valuations
Digital risk How to better manage digital risk
Cyber threats continue to soar. So what’s the solution? Our advice is to build a wider ‘digital risk’ function which integrates data privacy and cyber security. But where should you start?
Assurance Home
  • IFRS
  • Audit quality monitoring
  • Global audit technology
IFRS Insights into IFRS 16
Are you ready for IFRS 16? This series of insights will help you prepare.
Tax Home
  • Corporate and business tax
  • Direct international tax
  • Global mobility services
  • Indirect international tax
  • Innovation and investment incentives
  • Private client services
  • Transfer pricing
  • Tax policy
Tax Say goodbye to the arm’s length principle
After a slow and tentative start, the OECD’s push for a solution on how to allocate and tax the profits from digital business is gathering momentum.
  • Business Services
  • Consumer and industrial products
  • Energy & natural resources
  • Financial services
  • Healthcare
  • Not for profit
  • Private equity
  • Professional Services
  • Public sector
  • Real estate & construction
  • Technology, media & telecommunications
  • Travel, tourism & leisure
Technology, media & telecommunications Home
International Business Report (IBR) TMT outlook: Can tech spend buoyancy keep the industry airborne?
Uncertainty is mounting for technology, media and telecommunications (TMT) businesses amidst a turbulent economic and political backdrop, according to the latest research from Grant Thornton. But with businesses in other industries increasingly looking to new technologies as the path to transformation, this is also a time of opportunity. So how can the TMT industry ride out the turbulence and thrive?
  1. Grant Thornton International Ltd. Home
  2. Press releases
  3. 2015
  4. China ranks 14th in Grant Thornton Global Dynamism Index 2015

China ranks 14th in Grant Thornton Global Dynamism Index 2015

22 Sep 2015
  • China ranks 14th in Grant Thornton Global Dynamism Index 2015

Grant Thornton Global Dynamism Index (GDI) 2015

According to the latest survey result of Grant Thornton Global Dynamism Index (GDI) 2015, China ranks 14 among 60 leading economies, above many other developed markets such as France (23=) and the UK (27).

The Grant Thornton Global Dynamism Index (GDI) assesses the business growth environments of 60 leading economies in the world, and judges the development potential of each economy through the changes of related index. The assessment is based on five categories which are likely to lead to a faster future rate of growth, including science & technology, labour & human capital, economics & growth, business operating environment and financing environment.

Economic growth and labour index lead the world

Improved private consumption helped lift the country to top of the GDI in the area of market growth, though the recovery of the global market is still slow. Meanwhile, improving labour productivity and low unemployment helped the economy rank 2 for labour market. Technological infrastructure (16) is another area in which China outperforms other countries due to high IT spending and investment in research and development.

However, there is room for improvement in the dynamism of the business operating (48) and financing (44=) environments. Business operating environments include foreign trade foreign exchange regulations, private enterprise policy, political stability and other risks of laws and regulations; financing environments include financial supervision system, merger   and acquisition growth, enterprise direct investment growth, enterprise tax burden, etc.

Xu Hua, CEO of Grant Thornton China, said: “the speedy development of science and technology in the past 10 years, such as 3D technology and the forthcoming pilotless automobile, presents challenge to traditional labour. However, the role of skilled labour in the global economic development remains essential. Most industries still need a lot of labour to make profits. China's stable labour market ensures a healthy economic development. But we should keep on optimizing our business operation and financing environment to create better development environment for enterprises. ”

Singapore ranks top

Globally, Singapore (rank 1) leads the GDI 2015. It ranks top for financing environment and no lower than 25 in any other growth area, highlighting the country’s robust, broad-based offer to dynamic businesses. Israel (rank 2) has also risen six places this year. It comes top for technology due to strong research and development spending. Australia (rank 3=) drops two places but still ranks in the top five for business operating environment and labour market. Finland (rank 3=) and Sweden (rank 5) have both risen slightly, due to their favourable business operating environments and an advanced technology infrastructure.

Xu Hua, CEO of Grant Thornton China, said: “Market entry decisions are some of the toughest a business leader ever has to face. There are so many factors - both known and unknown - to consider. Uncertainty about what lies ahead can make it hard to make the case for action to colleagues and funding partners, and to manage risk effectively. The GDI can be used as a tool to help identify countries of interest by drawing on 22 indicators in five aspects. Entrepreneurs can use GDI for reference when looking for overseas expansion.”

Share this page
  • Share this page on Facebook LinkedIn
  • Share this page on Twitter Twitter
  • Share this page on LinkedIn LinkedIn
  • Share this page on WhatsApp WhatsApp
  • Share this page on Xing Xing
  • Email Grant Thornton Email
  • Grant Thornton on Youtube
  • LinkedIn icon
  • Twitter icon
  • Follow us on Instagram
Connectclose
  • Meet our people
  • Contact us
  • Global reach
Aboutclose
  • About us
  • Careers
  • Press
  • Corporate social responsibility
  • Modern slavery statement
  • GPPC
Legalclose
  • Privacy
  • Cookie policy
  • Disclaimer
  • Site map
  • Unauthorised trademark use

© 2021 Grant Thornton International Ltd (GTIL) - All rights reserved. "Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

    • EN
    • Sign in
    • Find your local member firm
    Sign in with LinkedIn Close
    Sign in with LinkedIn to save articles to your bookmarks.
    Privacy policy