China Deepens Reforms to Make it Easier to Start a Business

The General Office of the State Council recently issued a circular on deepening commercial reforms to further ease burdens on enterprises and stimulate their vitality (Guo Ban Fa No. 29 [2020]). Reform measures were put forward in the following areas:

Online services for starting a business

• Promoting a “one-stop government service system” for starting a business

• Enhance services to help businesses start

Registration

• Quickening reforms relating to registration of domicile and place of business

Streamlining of review, approval and other procedures

• Promoting reforms to production licensing for industrial products

• Improving the compulsory product certification system to simplify the certification of goods intended for export or domestic sale.

Source: State Council