Expanded reforms to boost business climate

Updated 2017-09-07 08:30:36 China Daily

Red tape cut by State Council meeting led by Premier Li Keqiang

China will keep streamlining administration approvals and reducing red tape to improve its business environment, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

The government will expand a pilot reform in Shanghai's Pudong New Area to simplify obtaining a business license by separating it from administrative approvals involving 116 approval items. The reform will be expanded to 10 free trade zones across the country. Provincial governments are authorized to extend the measures to eligible national-level new areas.

A priority is to consolidate or standardize the applications for various approvals, with many of them canceled outright, while some others were turned into record-keeping duties or agreements to fulfill commitments.

The government will improve transparency and predictability of policies, and provide standardized services, and make sure enterprises file records and fulfill their promises in accord with industry standards.

"Cutting red tape, enhancing compliance supervision and improving government services are major measures to transform the government function and advance supply-side structural reform. This government has prioritized reform on approvals and the business registration system, which in essence is to develop a fair and unprejudiced market environment. Facts show that our efforts are paying off," Li said.

Along with the latest measures, the government has cut administrative approvals by 697 items since 2013.

The country had 2.91 million newly registered businesses in the first half of 2017, up by 11.1 percent year-on-year, according to the State Administration for Industry and Commerce.

The meeting participants also decided to step up oversight during the pilot reform process, including more spot checks, self-inspection by associations and use of credit ratings to enhance compliance oversight. Sharing of basic information by government departments on residents, enterprises and social organizations will be boosted to avoid unnecessary submissions and screening redundancies.

"Government departments must be open-minded. Approval procedures are necessary, but they are not a panacea, especially in terms of compliance oversight. We should keep working on the application of the principle, which is that the responsibility for oversight rests with those who issue the approval and those who are in charge," Li said.

To further spur market vitality and boost entrepreneurship and innovation, participants decided on the cancellation of 52 administrative approvals by central government departments. The approvals are mostly about employment, entrepreneurship, investment and doing business.

Some are unnecessary, given the mature market, which can self-regulate. This enables government departments to concentrate on developing standards and doing compliance oversight. Some approvals overlap.

The meeting also decided to cancel 22 administrative approvals, delegated by central government departments to lower levels of government, most of which pertain to enterprise operation, innovation and entrepreneurship.

"We need to take concrete measures to ensure the reform measures are implemented in full, create a fair and unprejudiced environment, and benefit the life of the public, their entrepreneurship endeavors and the operations of businesses," Li said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 19 2017 05:45:18

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 19 2017 05:45:18

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 19 2017 05:45:18

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords