Guideline adopted on improving business environment, providing better services
China will take new steps to provide better services to market
entities and further facilitate employment and business startups in an
effort to improve the business environment and energize market players,
the State Council's executive meeting, chaired by Premier Li Keqiang,
decided on Wednesday.
The meeting sought to maintain stability in the six key
areas－employment, financial operations, foreign trade, foreign
investment, domestic investment and expectations－and to enhance
protection in six other areas: jobs, basic living needs, business
operations, food and energy security and stable industrial and supply
It urged effective delivery of all relief policies on the fiscal,
social security and financial fronts to support the more than 100
million market entities, and instituting reforms in building a
world-class and market-oriented business environment governed by a sound
legal framework, to further stimulate market vitality.
The Wednesday meeting adopted a guideline on further improving the
business environment and providing better services to market players.
"The guideline is both reality-based and long-term-oriented. Its
focus is providing better services for market players. Though no
specific GDP growth target was set this year, related targets in other
respects are specified, including adding 9 million urban jobs and
sustaining the more than 100 million market entities, among others," Li
"If we can fully deliver the tax and fee cuts and fiscal funding
support for this year, together with the interest concessions by
financial institutions as appropriate by market principles, businesses
can get through this trying time. These are also efforts for a sound
business environment," he added.
Services for market entities will be improved. Full review of
construction projects online will be expedited. In sectors with
licensing requirements, a single operating permit will be explored that
would be valid across regions and sufficient for getting business up and
running in each sector. The average review period of trademark
registration will be shortened to no more than four months.
Employment and business startups will be further facilitated.
Platform companies will be guided toward lowering commissions, charges
for barcode-scanning payment and other fees. Flexible employment will be
More enabling conditions will be created for foreign investment and
trade. Cities at the prefectural level and above will be given the
mandate for foreign-invested business registration. "We must foster a
world-class business environment to attract and harness foreign
investment," Li added.