WASHINGTON, Sept. 6 (Xinhua) -- Global business climate was becoming better, as 112 governments have made 213 rule changes to comply with legal and administrative requirements, said an annual World Bank survey released on Wednesday.

    The survey found that Georgia was the top reformer in 2005-2006. The country reduced the minimum capital required to start a business, sped up procedures of customs, licensing and court, and made labor regulation more flexible, said the survey.

    "China and Eastern European countries were also active in enacting reforms," said the survey. "China sped business entry, increased investor protection, and reduced red tape in trading across borders."

    "China also established a credit information registry for consumer loans. Now banks can check credit histories of 340 million citizens before extending them loans," it added.

    According to the survey, the top 10 reformers were Georgia, Romania, Mexico, China, Peru, France, Croatia, Guatemala, Ghana, and Tanzania.

    "The report points out that in many economies, the costs of doing business are so prohibitive that most entrepreneurs are forced to operate outside the formal economy," said Paul Wolfowitz, president of the World Bank.

    "The report is a critical tool for developing countries to determine where more reforms are needed," he added. Enditem