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REPORT LAUNCH AND WORKSHOP

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2. Coastal regions scored highest overall on ease of doing business. Yet there are good performers in the interior provinces. Chongqing is in the top 10. ... – PowerPoint PPT presentation

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Title: REPORT LAUNCH AND WORKSHOP


1
REPORT LAUNCH AND WORKSHOP APRIL 22,
2008 BEIJING Presentation of Findings Internation
al Finance Corporation
2
Major findings
  • Reforms and good practice are happening in China
    China was the number one ranked reformer in East
    Asia in 2008. This emphasis on reform is found at
    the local level in a range of cities.
  • 2. Coastal regions scored highest overall on
    ease of doing business. Yet there are good
    performers in the interior provinces. Chongqing
    is in the top 10.
  • 3. Innovation within China, as well as outside,
    shows the way for those seeking to reform.
  • 4. Improving ease of doing business gives local
    policy-makers, particularly in poorer regions, a
    powerful tool to build their private sector,
    create growth and jobs.

3
Many innovations within China compare favorably
with international practices
Global Ranking
Better then
2
All countries but one!
Australia Canada Germany
8
Kuwait Russia Ireland
28
4
Southeast and coastal areas top the index
5
Good Practice Found in All Regions of China
Ranking in China
Area
Southeast
1
4
Bohai Bay
Northeast
8
5
Northwest
Southwest
5
Central
12
6
Combining the best practices across China
If the best practice in China were all found in a
single Chinese city..
No. 67
No. 83
Chinas global ranking in Doing Business would
climb
7
FOUR INDICATORS Starting a Business
  • Regulation is mostly national, but local
    innovations in implementation can make it more
    efficient

8
FOUR INDICATORS Registering Property
  • Local Reform Can Make a Big Impact

9
FOUR INDICATORS Obtaining Credit (Creating and
registering collateral)
  • Variation across the country (in cost/time), but
    should improve everywhere thanks to recent
    landmark legislation (Property Law)

10
FOUR INDICATORS Enforcing a Contract
  • Local practices can impact cost and time to
    businesses

11
Benefits of improving the business environment
Correlation between Ease of Doing Business
Ranking and Investment
12
Whats next?
  • 2008 Report provides benchmark and introduces
    local and national government to indicators and
    some lessons of reform.
  • Evidence internationally is that the pace of
    reform provides an important signal to investors
    about a favorable local climate for investment.
  • IFC, with local partners, prepared to provide
    support to governments and policy-makers seeking
    to implement reform solutions.

13
DOING BUSINESS IN CHINA 2008
  • Additional data available at
  • http//subnational.doingbusiness.org
  • www.doingbusiness.org
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