The World Economic Forum (WEF) Global Competitiveness Index2014–15 attempts to assess inter-country competitiveness based onopinion surveys. In the WEF survey, China was ranked 28th out of...

The World Economic Forum (WEF) Global Competitiveness Index2014–15 attempts to assess inter-country competitiveness based onopinion surveys. In the WEF survey, China was ranked 28th out of 144countries in respect of overall economic competitiveness. However, the survey also revealed that for some factors measured by the WEF thatrelate to corporate governance under the heading ‘Institutions,’ China’sscore was much lower.Analyse the underlying factors relating to corporate governance thathindered China’s competitivene