World Bank places China in top 10 most improved list

China joined the ranks of the world's top ten most improved economies for ease of doing business for the second year in a row thanks to a robust reform agenda, the World Bank Group's Doing Business 2020 study says.

Beijing CBD [File photo: IC]

China carried out a record eight business reforms during the 12 months to May 1 and ranked 31st globally on the ease of doing business rankings with a score of 77.9 out of 100. It ranked 46th last year, and 78th in 2017.

"China has undertaken substantial efforts to improve the domestic business climate for small and medium-size enterprises, maintaining an active pace of reforms," said Martin Raiser, World Bank Country Director for China. "Laudable progress has been achieved on a number of Doing Business indicators, particularly in the area of construction permitting."