Talent Spot | The anatomy of doing business in China

Recently the tremendous amounts of the reports show how easy to start the business in China and how the China government endeavor to ease the foreign invested companies by laying out one and another policy. However because of the umfamiliarities with the China investment environment, some still confused about the situation where China government are creating a magnificent investment environment to boost the FDI. So just read this article to get the anatomy of doing business in China

 

Data Analyze

Economic and social development   






source:China Daily

   

 

source: World Bank (rank 1-190)



  

Low-income economies have made bigger improvements over time in the quality and efficiency of business regulation 



 

Source: Doing Business database .Note: The red line shows the average global improvement in the distance to frontier score since 2004. The measure is normalized to range from 0 to 100, with 100 representing the frontier. Because of changes over the years in methodology and in the economies and indicators included, the improvements are measured year on year using pairs of consecutive years with comparable data


Europe and Central Asia has made a substantially bigger improvement in business regulation over time than any other region

Source: Doing Business database.

Note: The red line shows the average global improvement in the
is normalized to range from 0 to 100, with 100 representing the
methodology and in the economies and indicators included, the improvements are measured year on year using pairs of consecutive years with comparable data


Economies have improved regulatory processes the most in the area of starting a business

Source: Doing Business database.

Note: The red line shows the average global improvement in the distance to frontier score since 2004. The measure is normalized to range from 0 to 100, with 100 representing the frontier. Because of changes over the years in methodology and in the economies and indicators included, the improvements are measured year on year using pairs of consecutive years with comparable data.


Who reduced regulatory complexity and cost or strengthened legal institutions in 2015/16—and what did they do?

 


China business Environment— Global CEOs are confident about China’s economy






The priorities of government for 2017




source:China Daily


Summaries of doing business reforms in 2015/16

 

Doing business reforms affecting all sets of indicators included in doing business in 2017 from world bank report implemented from june 2015 to june 2016


reform making it easier to do business
×Change making it more difficult to do business 


China 
√  Starting a business
China made starting a business easier by introducing a single form to obtain a business license, organization code and tax registration. This reform applies to both Shanghai and Beijing. 
√  Gettingcredit 
China improved access to credit information by starting to report pay- ment histories from utility companies and providing credit scores to banks and financial institutions. This reform applies to both Shanghai and Beijing. 


Hong Kong SAR, China 

√   Starting a business
Hong Kong SAR, China, made starting 
a business less costly by reducing the business registration fee. 
√   Getting electricity
Hong Kong SAR, China, streamlined the processes of reviewing applica- tions for new electrical connections and also reduced the time needed to issue an excavation permit.



All of the materials (source from World Bank) indicate that China is getting the higher ranking than before in “starting business” on the list. Thus you can definitely rely on China market entry environment when you want to start your business in China. Click Talent Spot to check out more info about doing business in China.


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