Foreign businesspeople know China is a challenging place to do business.
Confusing regulations, red tape, corruption, an immature legal system and a lack of Western-style accounting practices and corporate governance combine to form a formidable barrier to getting things done. Published on Jan. 25, this index is based on a survey of businesspeople and analysts worldwide. PricewaterhouseCoopers looked at five areas that affect capital markets corruption, the legal system, economic and fiscal policies, accounting standards and practices and the regulatory regime and gave each area a score. Russia leads the way Of the countries surveyed, Russia was found to be the most corrupt, with a rating of 78, while Singapore came out the cleanest, at 13. Denmark, found to be the least corrupt country according to another research group, Transparency International, was not one of the countries surveyed in this report.