China Daily Global Edition (USA)

Pilot program aims to attract more foreign investment, talent

- By XU WEI

China’s latest pilot program to improve its business climate entails more measures to attract foreign investment and talent, including streamlini­ng job certificat­ion, more efficient mechanisms to settle legal disputes and making it easier to enroll children in school.

The program, rolled out in a policy document issued by the State Council last month, outlined a host of measures to upgrade businessre­lated administra­tive services in six cities — Beijing, Shanghai and Chongqing, as well as Hangzhou in Zhejiang province, and Guangdong province’s Guangzhou and Shenzhen.

The program marked the latest national efforts to tailor the country’s business environmen­t to internatio­nal standards and will offer foreign citizens, especially entreprene­urs, a better business and living experience in China, said Ma Liang, a professor of public management at the Renmin University of China.

“It will provide foreign businesses and expats more convenient, efficient and tailored public services,” he said.

The six cities will offer diversifie­d, efficient and convenient services to foreign businesses looking to settle disputes, including measures to develop centers that provide one-stop services.

Dispute resolution organizati­ons and arbitratio­n bodies will be encouraged to hire foreign mediators and arbitrator­s as part of the program.

The six cities will also explore ways to set standards for the certificat­ion of top-notch talent, especially those that are severely lacking nationwide. Local authoritie­s will also pilot the establishm­ent of a mechanism that allows expats to practice certain profession­s on the condition that they have already obtained the relevant qualificat­ions or certificat­es overseas or from universall­y recognized internatio­nal organizati­ons.

The government will consider establishi­ng an evaluation system for talent that is in line with internatio­nal rules, the policy document said.

It added that the level of service from the internatio­nal versions of government web portals will be upgraded to help expats better understand investment opportunit­ies, employment and other policies.

Under the program, the government will widen market access for operators of schools for foreign children and allow domestic businesses and Chinese citizens to open schools for them.

Authoritie­s will also increase administra­tive approval for procedures concerning expats as part of one-stop online services, the document said.

A level playing field is a key goal of the program, which pledged to offer the same treatment to businesses, whether they are domestic or foreign.

For example, Yang Jie, head of the Department of Laws and Regulation­s at the National Developmen­t and Reform Commission, told a news briefing last month that a more transparen­t, standardiz­ed and efficient mechanism for project bidding, which would require the release of bidding plans before projects can commence, will be developed to ensure that foreign and domestic businesses are treated equally.

Newspapers in English

Newspapers from United States