India jumps to 63 in 2020 EODB survey, China slumps in updated list. 5 facts
India jumps to 63 in 2020 EODB survey, China slumps in updated list. 5 facts
(REUTERS)
After China and three other countries submitted data that was inappropriately altered with regard to the Ease of Doing Business Report, the World Bank has now corrected the data. In the updated report, China has slipped seven positions below to 85.
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Following reviews of data irregularities, the World Bank recently releases its updated Doing Business in which China s position has been downgraded. The World Bank has said that China s ranking would have been lower by seven notches in the index for 2018. Besides China, the ranking of Saudi Arabia, United Arab Emirates and Azerbaijan has also gone down in the corrected list.
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Representative Image ANI | Updated: Dec 20, 2020 00:08 IST
Washington [US], December 20 (ANI): After China and three other countries submitted data that was inappropriately altered with regard to the Ease of Doing Business Report, the World Bank has now corrected the data and now China has slipped seven positions below to 85 in the index for 2018.
In Doing Business report 2018, the published score of China including irregularities affecting the Starting a Business, Getting Credit, and Paying Taxes indicators was 65.3 with a global ranking of 78, identical to its rank in the Doing Business 2017 report, according to World Bank s statement.
After correcting the irregularities described above, the Doing Business 2018 score is 64.5. Taking as given the published data for all other countries, China s global ranking in Doing Business 2018 would have been 85, a decline of seven places relative to the previous year, the statement read.
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