Source: China Trade News
The World Bank recently released a description of the Business Enabling Environment (BEE) project, stating that it will be officially implemented in January 2023, and the World Bank's "Business Enabling Environment Report" will be released in the last three months of 2023. "First Edition. This indicates that the previously suspended Doing Business (DB) project will be completely replacd by a new project called Doing Business, and the World Bank's assessment of the global business environment has entered a new stage.
“This reflects the improved understanding and methodology of the World Bank’s business and investment environment assessment. Currently, the specific work on the business-friendly environment project is still in progress. In February and March this year, the World Bank discussed the preliminary concept of the project. The Pre-concept Note document is solicited for comments, and the revised and finalized Concept Note will be released to the public." Liang Guoyong, a senior economist at UNCTAD, said in an exclusive interview with a reporter from China Trade News The situation of attracting foreign investment in various countries will have a certain impact.
"The superposition of multiple risks such as wars, epidemics, inflation, supply disturbances, and market turmoil will bring a major impact on the global economy. This will not only interfere with the process of world economic recovery, but will also affect the global trade and investment situation to a large extent. Liang Guoyong said that in the face of such a severe situation, China can attract foreign investment and create a market-oriented and legalized international business environment. It can learn from the relevant indicators of the business-friendly environment project. "This specifically involves the national and local levels. As far as the former is concerned , after the launch of the business-friendly environment project, the evaluation of comprehensive indicators and the comparison between countries can provide a reference system for China, which is conducive to identifying gaps and problems; for the latter, the evaluation of the business environment of various regions, provinces and cities It is said that the concept and indicator system of a business-friendly environment are also worthy of reference.”
It is understood that there are 10 first-level indicators of the business-friendly environment project, namely: Business Entry, Business Location, Utility Comeltions, Labor, Financial Services Services), International Trade, Taxation, Dispute Resolution, Promotion of Market Competition and Business Insolvency. Obviously, this is designed according to the full life cycle of the enterprise. Compared with the original first-level indicators of business environment, although the first-level indicators of business-friendly environment are the same in quantity, the content has been greatly changed.
Liang Guoyong analyzed that the original business environment project of the World Bank emphasized small and medium-sized enterprises, while the business-friendly environment project aimed at all business groups. It is particularly worth noting that the original business environment project focused on supervision, while the business-friendly environment project paid equal attention to supervision and service. For China, this is especially worth thinking about and learning.
"China has its own unique economic system and development model. In the process of optimizing the business environment, special emphasis must be placed on the rule of law, fair competition among different ownership systems, and the certainty, stability and predictability of regulatory rules. These Issues are very important in the practice of economic policy at both the central and local levels." Liang Guoyong said that supervision is an important issue in the business environment that cannot be ignored.
Liang Guoyong analyzed the regulation of digital economy and platform economy as an example. The Internet and the digital economy are the most dynamic, creative and internationally competitive components of the Chinese economy. Strengthening supervision is the right direction, but in implementation, we should not give up food and martial arts because of choking. From a global perspective, the digital acceleration brought about by the epidemic is an unprecedented opportunity for the development of the technology industry, but the market value of Chinese listed technology companies has shrunk significantly over the past year or so. The gap between China and the United States in this regard has gradually narrowed, but now the "scissors gap" is rapidly expanding; coupled with other regions (especially Europe) start-up unicorn companies are counterattacking in the environment of accelerated digitalization, which may become the global digital economy. A "watershed" in evolution.
Liang Guoyong said: "The stability and predictability of supervision are very important to business operations and financial markets. The sudden change in the regulatory environment has led to a sharp dro in the market value of enterprises, which is essentially the loss of wealth (economic stock) and will inevitably hinder the added value (economic stock). traffic), which in turn affects employment and economic growth.”
"It is foreseeable that in the digital economy and other industrial fields, China's regulatory policy environment will improve. The National Committee of the Chinese People's Political Consultative Conference held on May 17 to promote the sustainable and healthy development of the digital economy is undoubtedly a positive signal." The purpose of regulation covers many dimensions such as economic performance, consumer welfare, market competitiveness, etc. However, for an emerging economy and a development-oriented country like China, in the final analysis, it is necessary to consider how to promote the long-term development of the industry. From the perspective of policy makers, strengthening supervision requires weighing expected benefits and costs, and domestic supervision should also consider the international dimension: one is the issue of international rules among countries; the other is the issue of international competition among enterprises.
Conform to the changing trend of evaluation indicators and continue to improve investment attractive
Date:2022-05-26 Hits:40
