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CHINA

It is the world's second largest economy by nominal GDP. China’s economy remains “mostly unfree” but benefits from integration into the global economy. There is little momentum for reform, and state-owned enterprises still dominate the financial sector and many basic industries. Moreover, The overall regulatory framework remains complex, arbitrary, and uneven.  The state uses control of the financial system to manage the economy. The government owns all large financial institutions, which lend according to state priorities.

 

INDONESIA

Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. The country is also a member of G-20 major economies and classified as a newly industrialized country. Its GDP per capita however ranks below the world average. To attract more foreign investment, the government is upgrading power and other infrastructure. Indonesia made starting a business easier in 2016 by abolishing the minimum capital requirements for small and medium-size businesses and enacting other reforms.