New Delhi: The World Bank has released a revised ranking of ease of doing business after reviewing data irregularities. The World Bank said on Friday that China should have been down seven points on the 2018 list. Apart from China, World Bank has also amended the ranking of Saudi Arabia, United Arab Emirates and Azerbaijan.
The World Bank had in August banned publication of business accessibility ranking reports due to changes in the data of the last few reports after reviewing Aniamita. The World Bank said in a statement on 16 December that four countries China, the United Arab Emirates, Saudi Arabia and Azerbaijan needed to improve their rankings after Aniamita’s review of the data.
Business Easement Ranking China was ranked 65.3 in 2018 due to irregularities in data on indicators of starting business, obtaining loans and paying taxes. China had a global ranking of 78 in that report. His 2017 ranking was the same. China received 64.5 points in the 2018 ranking after reviewing the irregularities. Thus, its global ranking fell by seven points to 85. The UAE’s ranking remained unchanged at 16 after the review. Whereas Saudi Arabia has reduced from 62 to 63 and Azerbaijan has improved from 34 to 28.