China hits out at regulation rankings


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Financial Times
Breaking news
Monday May 06 2013

Breaking News
 
China hits out at regulation rankings
China is leading an effort to water down the World Bank's most popular research report in a test of the development institution's new president, Jim Yong Kim.

According to people close to the matter, China wants to eliminate the ranking of countries in the Doing Business report, which compares business regulations – such as the difficulty of starting a company – in 185 different nations.

The row is an example of China's growing assertiveness at international bodies and its increased willingness to challenge liberal economic prescriptions. In this year's Doing Business report, China ranked 91st out of 185 economies with especially low scores for its construction bureaucracy and tax system.
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