China set to attract more investment

A business environment comprises elements related to investment and operation of enterprises, including laws and policies, financing sources, industrial support, geo-positioning and social and cultural milieus. And a good business environment is a precondition for attracting investment, nurturing and cultivating entrepreneurship, and fostering economic growth.

Over the past five years, the business environment of China has been constantly improving with its ranking rising from 46th last year to 31st this year in the World Bank's ease of doing business list. The government has not only further opened up the economy and implemented new economic policies conducive to doing business, but also passed business-friendly laws and regulations and made strenuous efforts to create a stable, transparent and predictable business environment.

The government has taken these moves to optimize the business environment in order to encourage domestic and international enterprises to invest more in China and share the fruits of its economic development. Since 2014, the increasing costs of factors of production such as land, raw materials and labor, and strengthening environmental protection regulations have made one thing clear: we can no longer depend on the traditional ways to attract investment.