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Reform gains also tend to be larger when governance and access to credit — two binding constraints on growth — are strong, and where labor market informality is higher — because reforms help reduce it. These findings underscore the importance of carefully tailoring reforms to country circumstances to maximize their benefits.

Redwood questioned the role of government as a business facilitator, offering incentives to corporations with the promise that benefits will trickle down to all citizens.

Recently, the Kenyan government held a forum with Chinese enterprises, wooing them to support it in fast-tracking attainment of the country's Big Four development agenda in the manufacturing, housing, healthcare and agriculture sectors.

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Recording artist Lady Gaga attends the 60th Annual Grammy Awards at Madison Square Garden on January 28, 2018 in New York City. [Photo/VCG]

Recently, the government has focused on improving the business environment for both domestic and foreign companies. In the World Bank's latest Doing Business 2020 report, which traces how world economies are implementing reforms to encourage efficiency and support freedom to do business, China's overall ranking climbed 15 places to number 31 in the world.

RCSC branches in Sichuan province have mobilized rescue task forces and volunteer teams to help move victims to safety, evaluate damages and urgently-needed resources, and prepare for post-flood production resumption.

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RIYADH -- Saudi Crown Prince Mohammed bin Salman bin Abdulaziz confirmed on Sunday the unique relations between Saudi Arabia and the the United Arab Emirates (UAE), Al Arabiya TV reported.

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Radicals threw bricks and other hard objects from places like overpasses onto roads as cars and pedestrians passed, causing police to fire tear gas to disperse them. At least one man was taken to a hospital with head injuries after he was hit by an object thrown from a footbridge over Pok Fu Lam Road near the University of Hong Kong.

ROK's National Intelligence Service (NIS) saw the DPRK's projectile launches as a protest against the planned ROK-US joint military exercise, called "Dong Maeng 19-2," scheduled for next month.