The Global Competitiveness Report ranking is based on the Global Competitiveness Index, which was introduced by the WEF in 2005. Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data covering 12 categories - the pillars of competitiveness - that collectively make up a comprehensive picture of a country's competitiveness. The 12 pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.
"Adding the constitutional provision on upholding and strengthening overall Party leadership from the perspective of the very nature of China's socialist system is conducive to boosting the awareness of the Party's leadership among all the Chinese people, effectively integrating the Party's leadership with the entire process and all aspects of the country's work, and ensuring the Party and the country's undertakings to always forge ahead in the correct direction," it read.
The Geneva-based WEF's report attributes the Chinese mainland's overall competitive score to gains made in technological readiness, occasioned by higher information and communication technology penetration and the extent to which foreign direct investment has been bringing new technology to the country.
Noting the Taiwan question is a fundamental interest of the Chinese nation, Xi called on businesspeople from Taiwan to oppose "Taiwan independence" and push for the peaceful development of cross-Straits relations.
"Our policy on this subject is very clear. We are leaving the Customs Union and will establish a new and ambitious customs arrangement with the EU while forging new trade relationships with our partners around the world."
Happiness comes with hard work. If Chinese people hold the spirit of working hard, we can achieve the goal of creating a better life, said Xi.
Among them, Han Zheng, Sun Chunlan, Hu Chunhua and Liu He were endorsed as vice premiers, while Wei Fenghe, Wang Yong, Wang Yi, Xiao Jie and Zhao Kezhi were endorsed as state councilors.
Xi welcomed Siew and other Taiwan businesspeople to visit Boao and make joint efforts to draw the blueprint for cooperation and development in the Asian region.
The Chinese archaeologists made one of their biggest breakthroughs during a 2011 excavation of Fuyan Cave in Hunan province, where they found 47 teeth belonging to modern humans. The teeth were buried underneath stalagmites that were found to be least 80,000 years old, suggesting the fossils were older.