Shanghai leads in 22 World Bank business environment gauges

WAM
07 May 2025, 22:11 GMT+10

SHANGHAI, 7th May, 2025 (WAM) -- Among the 59 gauges that the World Bank has used to measure the business environment, Shanghai has reached the best level for 22 gauges, according to the latest WB report.

According to a report by China Daily, the discoveries were part of the World Bank's Enterprise Surveys Country Profile for China 2025.

This shows that Shanghai has made substantial progress in terms of aligning with international standards, optimizing rules and regulations, optimizing government services and improving companies' operation efficiency, said Luo Peixin, deputy head of East China University of Political Science and Law.

Yao Weiqun, executive director of the Shanghai Institute for Strategy of the International Trade Center, further explained that Shanghai-based enterprises gave an average score of 99.13 for the gauge of international trade, higher than the 89.1 score in Singapore. It means that Shanghai companies have high recognition of the city's customs services and the implementation of trade regulations, he said.

The government bodies in Shanghai have conducted special programs for seven consecutive years to optimize procedures, improve efficiency and lower costs for cross-border trade. Up to 173 reform measures have been introduced over the past few years, said Yao.

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