China has been quickly climbing the World Bank's rankings of best business environments, and Shanghai will soon be rolling out an upgraded plan to make things even better with an electrifying way to raise its position in all of them.

The World Bank's 2019 business report issued last month ranked China 46th on its list of the best countries in which to do business, up 32 places from the previous year and a national record.

It turns out that one of the things China is best at is supplying electricity. The country scores 92 out of 100 in that category which puts it in 14th place worldwide. And Shanghai is responsible for 55 percent of that rating.

“There are three reasons behind easier electricity access. First, we have been streamlining administrative procedures over the past year. Second, we are utilizing new technology to shorten construction hours. And third is a new policy giving free power access to users taking less than 160 kilowatt hours a month, mostly small and medium-sized companies,” said Tang Yuezhong, deputy chief engineer at State Grid Shanghai Municipal Electrical Power Company.

The municipal government said at the end of September that Shanghai's small and medium-sized companies have saved 921.6 million yuan (about 132.8 million U.S. dollars) because of the free access policy. And the State Grid Shanghai plans to widen the free access, from low power users to higher power ones, up to a maximum of 10 kilovolts.

As an example, a small local hotel says that even though it is located on the outskirts of Pudong, it's had no problem at all getting more electricity.

“It only took four days to get connected to power. And starting from March, we haven't been charged any service or construction costs. That used to cost us 8,000 to 10,000 yuan,” said Chen Yuyao, marketing manager of Suyu Homestay.