Chinese are most enthusiastic about market economy, study shows

4 April 2006

Lisbon, Portugal, 04 April – The Chinese are the most enthusiastic about the market economy system, amongst 20 countries looked at by the University of Maryland, in the United States, and by survey company GlobeScan.

According to the study, published in Portugal by Portuguese newspaper Público, 74 percent of Chinese people questioned responded positively to the question “is a market economy the best system on which to base the future of the world?” and just 20 percent disagreed.

In second place were the Philippines, with 73 percent of people relying affirmatively, followed by the United States and India, both with 70 percent.

The least “convinced” of the value of a market economy were by far the French, half of whom had a negative opinion, against 36 percent who stated that the market economy was the best system.

In the bottom half of the table were Russia and Brazil, with 34 percent and 30 percent negative replies, respectively.

Asia was by far the most enthusiastic continent about the market economy in a study in which the average rate of positive replies was 61 percent.

The study by the University of Maryland and Globecscan was based on interviews in 20 countries between May and August 2005, with samples of between 950 and 1,800 people per country.

The researcher’s main conclusion was that the majority of the population approves of the market economy system, but is suspicious of the power that large companies have and wants strong regulation on the part of the State. (macauhub)