国内英语资讯:More measures ahead to streamline business registration in China_时事

国内英语资讯:More measures ahead to streamline business registration in China

The Chinese government will further streamline registration procedures for private businesses after the October introduction of related measures to encourage entrepreneurship and improve the business environment.

The measures, initially approved in May and put in place from Oct. 1, included merging five business certificates into one license. They have significantly facilitated the operation of private businesses within two weeks of implementation, showed data from the General Administration for Industry and Commerce in a report heard at the State Council's executive meeting chaired by Premier Li Keqiang on Friday.

Registering a new business in China now takes only two to three working days, compared to a previous process of several months involving stacks of printed documents to be submitted to half a dozen departments.

The premier praised the progress, while pointing out that more efforts are needed as starting a business in China still requires too many certificates.

"We should reduce those certificates that are not really required for starting a business, therefore fully releasing the benefits of reforms and the market," Li said.

The premier has continuously stressed that streamlining business registration and scaling back government control would serve another round of opening-up and improve China's global competitiveness.

Measures have been taken since 2015 in China to combine the business license, the organization code certificate and the certificate of taxation registration into a single document, with another two certificates, namely the social insurance registration certificate and the statistics registration certificate, included later.