China softens restrictions on unregistered businesses

Updated 2017-08-24 09:10:31 Xinhua

China on Wednesday unveiled a new regulation on unlicensed businesses in a move to ease restrictions and encourage entrepreneurship and innovation.

The regulation, effective from Oct. 1, 2017, exempts licenses for people selling farm products and daily goods at sites and during time designated by governments at county or higher levels, and those using their skills to provide services that do not require approval according to the law.

Authorities responsible for cracking down on unregistered businesses must avoid simply shutting them down. Instead, they should help businesses obtain licenses and certificates, according to the regulation.

For uncertified businesses where there is no specific stipulation on the level of punishment, fines imposed on owners should be reduced and items necessary for such businesses must no longer be confiscated, it said.

The regulation also asks all authorities to perform their duties and improve regulation efficiency in the investigation and punishment of unregistered businesses.

China has been working to streamline business registration procedures to create a more favorable business environment.

A State Council meeting in April said that the government would cut red tape by integrating separate business licenses into one single license.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 24 2018 11:48:21

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 12:16January 24 2018 11:48:21

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 24 2018 11:48:21

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