China: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 68
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 55
 Min - Max 43 - 80
 Source The Heritage Foundation
For that indicator, we provide data for China from 1995 to 2023. The average value for China during that period was 55 points with a minimum of 43 points in 2006 and a maximum of 80 points in 2021. The latest value from 2023 is 68 points. For comparison, the world average in 2023 based on 179 countries is 60 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
China - Business freedom - recent values

Historical chart
China - Business freedom - historical chart - 1995-2023

The Business Freedom index for China from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of China in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).

 Related indicators Latest value Reference Measure
 Property rights 45 2023 points
 Freedom from corruption 42 2023 points
 Fiscal freedom 10 2023 points
 Business freedom 68 2023 points
 Labor freedom 55 2023 points
 Monetary freedom 72.50 2023 points
 Trade freedom 74 2023 points
 Investment freedom 20 2023 points
 Financial freedom 20 2023 points
 Economic freedom, overall index 48 2023 index points
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