Doing Business in China

World Bank released its annual Doing Business report East Asia and Pacific

Earlier today, the World Bank released its annual Doing Business report, which tracks business regulation reforms and ranks emerging economies on the “ease of doing business.” In East Asia and Pacific, 71 percent of the countries have undertaken at least one positive reform – with Indonesia being the region’s most active reformer, according to the report (pdf). Among other things, Indonesia cut the time required to start a business and the number of days to transfer a property.

Other East Asian and Pacific countries noted in the report for reforms include:

China, which ranks 89th overall, and made it easier for domestic firms to trade by relaxing rules on trade credit.
The Philippines, which introduced new insolvency rules to make it easier to reorganize firms.
Fiji, Papua New Guinea, Samoa, Tonga, and Vanuatu, which reformed in areas including starting a business, getting credit, paying taxes, and enforcing contracts.