It is reported that China has revised regulations on administrative procedures to make it easier for businesses to gain government approvals in the latest effort to invigorate the market.
Altogether 35 clauses in 15 administrative laws and regulations would be amended to eliminate approval requirements and enable the government to strengthen oversight after the removal, according to a State Council decree signed by Premier Li Keqiang.
Through the revision, China has annulled 20 administrative approvals including requirements to gain permission for temporary tour guide certificates and lightning-protection business qualifications.
The new regulations went into effect on Monday, allowing authorities greater power to supervise related activities after the approvals were canceled.
In China, administrative approvals to conduct businesses and access public services usually involve drawn-out and redundant procedures.
To simplify the procedures and reduce burdens on businesses and individuals, the government is committed to redistributing authority or eliminating excess requirements.
Over the past five years, China has made big strides in creating a better business environment for both domestic and overseas companies. Through simpler approval processes, lower corporate fees and technology-based services, the government is transforming its functions to let the market play a larger role in the economy. (Source: Xinhua News)
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