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The following table shows Employing Workers data for China compared to best practice and comparator economies:Best Practice EconomiesRigidity ofEmploymentIndexNonwagelabor cost (%of salary)Firing costs(weeks ofwages)Bangladesh* 0Denmark* 0Hong Kong, China* 0Selected EconomyChina 24 44 91Comparator EconomiesBrazil 46 37 37Hong Kong, China 0 5 62India 30 17 56Japan 17 13 4Mexico 48 21 52Russia 44 31 17* The following economies are also best practice economies for :Rigidity of Employment Index: Singapore, United StatesNonwage labor cost (% of salary): Botswana, Ethiopia, MaldivesFiring costs (weeks of wages): New Zealand, United States22
Registering Property in China: Regulation of Property TransferProperty registries were first developed to help raise tax revenue. Defining and publicizing property rightsthrough registries has also proved to be good for entrepreneurs. Land and buildings account for betweenhalf and three-quarters of the wealth in most economies. Securing rights to this property strengthensincentives to invest and facilitates commerce. And with formal property titles, entrepreneurs can obtainmortgages on their home or land and start businesses.Doing Business measures the ease of registering property based on a standard case of an entrepreneurwho wants to purchase land and a building in the largest business city. It is assumed that the property isalready registered and free of title dispute. The data cover the <strong>full</strong> sequence of procedures necessary totransfer the property title from the seller to the buyer. Every required procedure is included, whether it isthe responsibility of the seller or the buyer or must be completed by a third party on their behalf.Local property lawyers and officials in property registries provide information on required procedures aswell as the time and cost to complete each one. For most countries the data are based on responsesfrom both. Based on the responses, three indicators are constructed:• Number of procedures to register property.• Time to register property (in calendar days).• Official costs to register property (as a percentage of the property value).A large share of the property in developing countries is not formally registered, limiting financingopportunities for businesses. Recognizing this constraint, some developing country governments haveembarked on extensive property titling programs. Yet bringing assets into the formal sector is of littlevalue unless they stay there.Many titling programs in Africa were futile because people bought and sold propertyinformally—neglecting to update the title records in the property registry. Why? Doing Business showsthat completing a simple formal property transfer in the largest business city of an African country costs12% of the value of the property and takes more than 100 days on average. Worse, the propertyregistries are so poorly organized that they provide little security of ownership. For both reasons,formalized titles quickly go informal again.Efficient property registration reduces transaction costs and helps keep formal titles from slipping intoinformal status. Simple procedures to register property are also associated with greater perceivedsecurity of property rights and less corruption. That benefits all entrepreneurs, especially women, theyoung and the poor. The rich have few problems protecting their property rights. They can afford to investin security systems and other measures to defend their property. But small entrepreneurs cannot.Reform can change this.23
Page 1 and 2: China
Page 3 and 4: © 2007 The International Bank for
Page 5: IntroductionDoing Business 2008 is
Page 8 and 9: 9. In China, a new property law put
Page 10 and 11: Summary of Indicators - ChinaStarti
Page 12 and 13: Starting a Business in China: Entry
Page 14 and 15: 3. Steps to Starting a Business in
Page 16 and 17: The following table shows Starting
Page 18 and 19: 1. Historical data: Dealing with Li
Page 20 and 21: 13. Review of construction drawings
Page 22 and 23: The following table shows Dealing w
Page 24 and 25: 1. Historical data: Employing Worke
Page 28 and 29: 1. Historical data: Registering Pro
Page 30 and 31: 4. Benchmarking Registering Propert
Page 32 and 33: Getting Credit in China: Legal Righ
Page 34 and 35: 3. Benchmarking Getting Credit Regu
Page 36 and 37: Protecting Investors in ChinaOffici
Page 38 and 39: 3. Benchmarking Protecting Investor
Page 40 and 41: Paying Taxes: Tax Payable and Compl
Page 42 and 43: 3. Benchmarking Paying Taxes Regula
Page 44 and 45: Trading Across Borders: Importing a
Page 46 and 47: 3. Benchmarking Trading Across Bord
Page 48 and 49: Enforcing Contracts: Court Efficien
Page 50 and 51: 3. Benchmarking Enforcing Contracts
Page 52 and 53: Closing Business in China: Bankrupt
Page 54 and 55: 3. Benchmarking Closing Business Re
Page 56 and 57: APPENDICESStarting a Business in Ch
Page 58 and 59: - Appointment documents and identif
Page 60 and 61: Cost to complete:Comment:no chargeA
Page 62 and 63: 14 *Receive review of building draw
Page 64 and 65: Procedure1Request and obtain approv
Page 66 and 67: Comment:Procedure6The Shanghai Hous
Page 68 and 69: Procedure14Receive review of buildi
Page 70 and 71: Comment:No time limits apply for in
Page 72 and 73: 建建建建建建建建建
Page 74 and 75: Employing Workers in ChinaEmploying
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Registering Property in ChinaThis t
Page 78 and 79:
Procedure3(v) Photocopy of the iden
Page 80 and 81:
Protecting Investors in ChinaThe ta
Page 82 and 83:
Paying Taxes in ChinaThe table belo
Page 84 and 85:
Trading Across Borders in ChinaThes
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