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9. In China, a new property law put private property rights on equal footing with state property rights. The law alsoexpanded the range of assets that can be used as collateral to include inventory and accounts receivable. The newbankruptcy law gives secured creditors priority to the proceeds from their collateral. Construction also became easier,with electronic processing of building permits reducing delays by two weeks.10. Bulgaria eased the tax burden on businesses and made it easier to pay taxes online. Bulgaria also introducedprivate bailiffs to improve efficiency in enforcing judgments. And it made building inspections less burdensome.