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The world`s best and worst places for business

The World Bank`s annual "Doing Business" report, released Monday, ranked 189 countries on how easy or difficult it is to start and operate a local business.

Singapore, Hong Kong best for business: World Bank

Singapore and Hong Kong rank the world`s best places to run a business, while mainland China remains far down the list, according to the World Bank`s annual competitiveness survey Tuesday.