BEIJING, May 2 -- China will further improve its business environment by halving the time required to open a business and start construction projects, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday.
According to a decision at the meeting, the amount of time required to start a business in municipalities, sub-provincial cities and provincial capitals will be reduced from an average of over 20 days to 8.5 workdays by the end of the year.
This measure will also be introduced in five leading cities of Dalian, Qingdao, Ningbo, Xiamen and Shenzhen, with other areas also required to see positive progress, to be followed by national implementation in the first half of next year.
Measures to halve the time required for government approval of construction projects from the current average level of more than 200 workdays to 120 workdays will be piloted in 15 cities, including Beijing, Shanghai and Tianjin, and in Zhejiang Province, this year whereby all government review items and approval processes concerning home building and urban infrastructure will be simplified, optimized and standardized. This pilot program will be rolled out nationwide in the first half of next year.
Premier Li Keqiang said that a good business environment is part and parcel of enhancing competitiveness and productivity. "In spurring economic growth, our focus needs to shift from investing in projects to improving the business environment. The key is to press ahead with the reform of government functions," he said.
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