Make business easy again

Streamlined access for foreign firms among raft of new measures to make life easier for all companies operating in China 

Make business easy again
Photo: PXfuel

(ATF) The Chinese government aims to further improve China’s business environment and better serve markets, according to guidelines issued by the State Council.

The guidelines stress six categories of policies and measures, including more streamlined and efficient approval procedures for construction projects and their financing, easier approval processes and conditions for enterprises and an optimised business environment for foreign trade and investment.

It also highlights support for employment and entrepreneurship, improved quality and efficiency of services provided to businesses and a long-term mechanism for business-environment improvement.

Specifically, the guidelines state that the market-entry threshold should be further lowered for the education, medical services and sports sectors, among others, and unreasonable barriers should be removed.

Meanwhile, it stressed the further removal of operational and investment barriers to foreign-invested and foreign-trade firms, such as offering cities at or above prefecture level mandates to register foreign-invested firms.

China has taken a number of steps to make life easier for overseas companies. Last month it opened more sectors to foreign investment, relaxing ownership restrictions on brokerages, plus insurance companies and those in futures trading. That followed a work report that stressed a need for foreign capital in its economic development. 

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