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Beijing on 25-10-2019 / WAM
China has joined the top ten economies in the world in improving ease of doing business for the second year in a row thanks to a strong reform agenda, according to the World Bank Group’s Doing Business 2020 study. China carried out eight record business reforms in the 12 months to May 1, 2019, and ranked 31st in the world in terms of ease of doing business rankings with 77.9 out of 100, up from 46th last year and 78th in 2017.
“China has made great efforts to improve the local business climate for SMEs, while maintaining a vigorous pace of reforms,” said Martin Raiser, World Bank sub-manager in China. “Significant progress has been made on a number of business indicators, particularly in the area of building permits.” The most common reforms included strengthening the function of credit bureaus and registries, developing electronic platforms that contribute to regulatory compliance, improving the reliability of electric power, lowering certain taxes, strengthening minority investor protection, simplifying property registrations, and implementing logistics in international trade. automatic.
