China scored 7.1 points in the index. The most vexing problem of China seems to be its huge population.

China's economy is among fastest growing in the world and is second only to the US.

China is the fourth most visited countries in the world with 53.6 million inbound international visitors in 2007.

It is a member of the WTO and is the world's third largest trading power behind the US and Germany.

It is among the world's favourite destination for foreign direct investment.

China owes its economic success to manufacturing as a low-cost producer.

This is supplemented by cheap labour, good infrastructure, medium level of technology and skill, relatively high productivity and favourable government policy.

The present global crisis, however, has struck the economy of the country and is expected to bring down the country's high growth rate to some extent.

Image: Children carry the flag as members of the 'Little National Flag Squad' perform during a flag-raising ceremony at the Jijian Kindergarten on September 28, 2008 in Shenzhen of Guangdong Province, China. | Photograph: China Photos/Getty Images

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