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World Bank rates China, India 'most improved' for doing business

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New Zealand continues to top global rankings with Singapore and Hong Kong right behind. FMTNews WorldBank

WASHINGTON: China and India made the top 10 list of governments that have done the most in the past year to improve the ease of doing business in their countries, the World Bank said yesterday.

With those improvements, China leapfrogged France to take the 31st spot in the “ease of doing business” ranking, moving up 15 places, according to the World Bank report. “Removing barriers facing entrepreneurs generates better jobs, more tax revenues and higher incomes, all of which are necessary to reduce poverty and raise living standards,” World Bank Group President David Malpass said in a statement.

 

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