SPC takes up judicial responsibility to improve China’s business environment
China’s global ranking of business environment jumped to 31st from last year’s 46th in Doing Business 2020, released by the World Bank in October 2019.
Doing Business is a World Bank Group flagship publication, documenting changes in regulatory measures in 12 areas of business activity in 190 economies to analyze whether they encourage efficiency and support freedom to do business.
According to the report, China has been one of the 10 economies with the most notable improvement in terms of business environment for two consecutive years.
The report outlines eight of China’s business reforms and three of them, namely enforcing contracts, resolving insolvency and protecting minority investors, involved the efforts of the country’s Supreme People’s Court, which reflects the responsibilities and contributions of China’s courts to cultivating the economy as one of top-favorable business environments worldwide.
News from: Supreme People’s Court of the People’s Republic of China.