State Council’s measures to further improve business environment

The State Council recently released measures and plans to speed up efforts to create a market-oriented, law-based and internationalized business environment to enhance both domestic and foreign-funded enterprises’ development confidence and competitiveness.

Firstly, China will further relax control over market access to allow private capital into the fields of aviation and railway and projects of civil airports and high speed railways. It has also reduced the negative lists of foreign investment access, with only 48 items remaining. 

Secondly, China will strengthen the law enforcement of supervision to create a market with a more fair and orderly competition. It will strengthen the protection of intellectual property rights, promote the establishment of social credit systems, and introduce measures to reduce price of electricity etc.

Thirdly, China will further integrate the Internet and government affairs service to make it more convenient and efficient to start a business, by establishing a national information sharing system.

Fourthly, China has basically also established an evaluation index system with Chinese characteristics and the international comparability for business environment.

Chinese source: https://www.gov.cn/