REPORT LAUNCH AND WORKSHOP

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REPORT LAUNCH AND WORKSHOP APRIL 22,
2008 BEIJING Presentation of Findings Internation
al Finance Corporation
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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.

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Many innovations within China compare favorably
with international practices
Global Ranking
Better then
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All countries but one!
Australia Canada Germany
8
Kuwait Russia Ireland
28
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Southeast and coastal areas top the index
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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
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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
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FOUR INDICATORS Starting a Business

• Regulation is mostly national, but local
  innovations in implementation can make it more
  efficient

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FOUR INDICATORS Registering Property

• Local Reform Can Make a Big Impact

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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)

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FOUR INDICATORS Enforcing a Contract

• Local practices can impact cost and time to
  businesses

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Benefits of improving the business environment
Correlation between Ease of Doing Business
Ranking and Investment
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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.

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DOING BUSINESS IN CHINA 2008

• Additional data available at
• http//subnational.doingbusiness.org
• www.doingbusiness.org