China ranks fourth globally for reform efforts

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In Doing Business 2007: How to Reform, the World Bank and International Finance Corporation rank China as the fourth-best reformer globally (behind Georgia,…

In Doing Business 2007: How to Reform, the World Bank and International Finance Corporation rank China as the fourth-best reformer globally (behind Georgia, Romania and Mexico), and as 93rd out of 175 countries worldwide in terms of ease of doing business. Singapore is ranked first in the global rankings on the ease of doing business, while Hong Kong comes in fifth place.

The report on the ease of doing business was based on various criteria, including how complicated it is for firms to start up, deal with licences, obtain loans, hire workers, pay taxes, enforce contracts, trade across borders and close businesses.

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