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Business trends

China and India urged to show greater commitment to business reform

Outlook uncertain despite leap in World Bank ranking thanks to reduction in red tape

Visitors stand in front of a screen showing President Xi Jinping at an exhibition marking the 40th anniversary of China's reform and opening up at the National Museum of China in Beijing on Nov. 14.    © Reuters

TOKYO -- China and India will have to show greater commitment to reform if they are to spur foreign investment, despite recently jumping up the rankings in the World Bank's ease of doing business survey, according to fund managers and analysts.

The World Bank found in its annual ease of doing business ranking, which looks at investment conditions including the burden of red tape and regulations in 190 economies, that China and India were among the top 10 countries that had improved the most, with 13 reforms combined.

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