Why has China lowered its own ranking in global financial competitiveness?

A Beijing think tank dropped China’s world ranking to fifth place, behind the US, Japan, UK and Germany following stock market volatility China ranks fifth globally in financial competitiveness in 2026, behind the United States, Japan, the United Kingdom and Germany, slipping one place from last year’s standing, a new report by the Chinese Academy of Social Sciences (CASS) found. Countries ranking from sixth to 10th were Canada, South Korea, France, Australia and Switzerland, respectively, said the report, which evaluated 31 countries globally and was released on Friday during the Global Digital Economy Conference 2026 in Beijing.

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