US GOES TO TOP IN WORLD COMPETITIVENESS SURVEY, HK DROPS TO THIRD

LAUSANNE -The United States has regained top spot in world competitive ness rankings for 2013, thanks to a rebounding financial sector, an abundance of technological innovation and successful companies, In rankings just published for 60 economies by IMD, a global business school based in Switzerland, says Abenomics seems to be working for Japan, which moves from 27th to 24th spot. China moves up from 23rd to 21st, but Hong Kong drops from top of the pile to third. Prof.