New reforms to boost investment in China

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Two Afghan businessmen who run a trade company in Yiwu, Zhejiang province, looking for goods to be purchased at the Yiwu International Trade City in July 2019.

- Xinhua

China ranked 31st in the World Bank's Doing Business 2020 report, and among the top 10 fastest-reforming countries around the world for two years in a row. The latest edition of the World Bank Doing Business report acknowledges the 10 economies that improved the most in terms of"ease of doing business" after implementing regulatory reforms: China, Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, India and Nigeria.

It indicated that, in 2018 alone, China implemented significant reforms in eight out of 10"doing business" areas, from starting a business, through construction permits and getting electricity, to paying taxes and registering property.

 

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