Report: China has favorable business environment improvement and ranks among the largest global progress in the first 15

The World Bank and IFC 4/jointly published a report that over the past 5 years, in domestic enterprises to improve the business environment, China ranks among the largest global progress of one of the 15 economies.

The 2011 business environment report, the World Bank and International Finance Corporation of the 8th annual report of the joint statement. The report noted that in the past five years, China has introduced 14 let the enterprise operation more convenient policy reform, related to the business environment report measure of nine areas.

Annual publishing business environment report on start-up enterprises, construction permits, registration of property, obtaining credit, protecting investors, paying taxes, trading across borders, the implementation of the contract and close the Enterprise 9 areas to be measured. Focus national SME development of laws and regulations and other involved does not measure the macroeconomic stability, corruption, labour skills, market and on foreign investment and financial market supervision.

The 2011 business environment report pointed out that the year 2009-2010, China unified enterprise income tax credit standards, value-added tax from production to consumption, reduce the administrative burden on business taxation. In 2009-2010 annual improvement in the tax area, China ranked World No. 7-bit.

According to the report, 2005, 85% of the world economy through 1511 commercial policy reforms, to national enterprises to provide more convenient operating conditions. Among them, China has introduced 14 policy reforms, including relaxed trade credit control, corporate income tax rate decreased from 25%, and the new labour code, etc.

The report stated that, in the context of the global financial crisis, the economy has taken measures to local enterprises to create more convenient environment. From June 2009 to 2010, 117 economies Government introduced 216 commercial law reform. More than half of them as a start-up enterprise, transnational trade and tax reform areas.

The report noted that SMEs have the potential for new employment. In Chile, China, South Africa and other economies, employment of up to 60% to 80%. Thus improving the regulatory environment to support SME growth is very important.

183 in the global economy, business environment rankings, Singapore has, for the fifth year of business environment optimal economies, China ranked second in Hong Kong. Other top business environment the best top ten economies: New Zealand, United Kingdom, United States, Canada, Denmark, Norway, Ireland, Australia. East Asia Pacific region for the first time become the most active regions.

The International Finance Corporation is the World Bank Group's private sector to contribute to developing the private sector in sustainable investment. (Reporter Ann bei, Xu Rui)