Busi­ness en­vi­ron­ment will be re­fined

China Daily - - TOP NEWS - By XU WEI xuwei@chi­nadaily.com.cn

China will con­tinue to re­fine its busi­ness en­vi­ron­ment with more mea­sures to be rolled out to cut red tape and fa­cil­i­tate in­vest­ment, gov­ern­ment of­fi­cials said on Fri­day.

More re­forms will be in­tro­duced to widen mar­ket ac­cess and fa­cil­i­tate in­vest­ment and trade, said Zhou Xiaofei, deputy sec­re­tary-gen­eral of the Na­tional De­vel­op­ment and Re­form Com­mis­sion, at a news brief­ing held by the State Coun­cil In­for­ma­tion Of­fice.

Zhou said the NDRC will fur­ther re­fine the eval­u­a­tion mech­a­nism for the busi­ness en­vi­ron­ment at lo­cal lev­els to spur lo­cal au­thor­i­ties to cre­ate a more invit­ing at­mos­phere for busi­nesses.

The com­mis­sion will con­duct eval­u­a­tions of the busi­ness en­vi­ron­ment of mu­nic­i­pal­i­ties, pro­vin­cial cap­i­tals and cities next year be­fore rolling out the mech­a­nism na­tion­wide in 2020.

Xiong Maop­ing, head of the bureau for busi­ness reg­is­tra­tion at the State Ad­min­is­tra­tion for Mar­ket Reg­u­la­tion, said the au­thor­ity will fur­ther cut li­cens­ing red tape for busi­nesses, with more mea­sures adopted to cut the time needed to start a busi­ness.

The time re­quired to start a busi­ness in ma­jor cities will be cut to 8.5 days be­fore the end of this year, and on­line ac­cess for such ser­vices will be fur­ther pro­moted.

Prod­uct cat­e­gories re­quir­ing of­fi­cial li­cens­ing for pro­duc­tion will be fur­ther cut, and the time re­quired for pa­tent reg­is­tra­tion will be short­ened to six months, he said.

Tang Wen­hong, head of the de­part­ment of for­eign in­vest­ment at the Min­istry of Com­merce, said at the brief­ing that ac­cess re­stric­tions for for­eign in­vest­ment out­side the neg­a­tive list will be cleared across the board be­fore March.

A spe­cial over­sight cam­paign will be con­ducted re­gard­ing the equal treat­ment of for­eign-in­vested en­ter­prises in ar­eas such as gov­ern­ment pro­cure­ment, sub­si­dies and re­quired qualifications, he said.

Lo­cal au­thor­i­ties are also re­quired to es­tab­lish a pro­vin­cial-level mech­a­nism for fil­ing com­plaints for for­eign-in­vested en­ter­prises, he added.

China’s ef­forts to im­prove its busi­ness en­vi­ron­ment were en­dorsed by the World Bank in a re­port re­leased on Oct 31. The coun­try ad­vanced more than 30 spots to 46th place in the global rank­ings, mak­ing it one of the top 10 im­provers in the World Bank’s Do­ing Busi­ness 2019: Train­ing for Re­form re­port.

China added over 45,900 for­eign-in­vested busi­nesses in the first nine months, up by 95.1 per­cent year-on-year. For­eign di­rect in­vest­ment rose by 6.4 per­cent to $98 bil­lion dur­ing the pe­riod, the Min­istry of Com­merce said.

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