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REPORT LAUNCH AND WORKSHOP APRIL 22, 2008 BEIJING Presentation of Findings

REPORT LAUNCH AND WORKSHOP APRIL 22, 2008 BEIJING Presentation of Findings International Finance Corporation. Major findings.

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REPORT LAUNCH AND WORKSHOP APRIL 22, 2008 BEIJING Presentation of Findings

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  1. REPORT LAUNCH AND WORKSHOP APRIL 22, 2008 BEIJING Presentation of Findings International 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 China’s 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. What’s 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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