China has improved its position in the World Bank’s ranking of Doing business-2017

Almaty. October 26. Silkroadnews – China ranking improved by six notches from 84th to 78th in Doing Business Report 2017 by the World Bank.  

Economies are ranked on their ease of doing business, from 1–190, covering 190 countries based on 11 indicators.
Kazakhstan took the 35th place, improving its ranking from 41st in DB-2016, and appeared in the rating between Japan (34th) and Romania (36th).

“Ten of the world economies this year showed the greatest improvement in business regulation – Brunei, Kazakhstan, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, the UAE and Bahrain”, the report says.

Estonia ranks 12th, Latvia – 14th, Georgia – 16th, Lithuania – 21st, Belarus – 37th, Armenia – 38th, Russia – 40th, Moldova – 44th, Azerbaijan – 65th, Belarus – 75th, Ukraine – 80th, Uzbekistan – 87th, Tajikistan – 128th.

New Zealand bagged the top spot in the rankings followed by Singapore and Denmark, the last three places are taken by Libya, Eritrea and Somalia.

The US rank 8th, Germany – 17th, France – 29th, Israel – 52nd, Turkey – 69th.