Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China revises regulations to improve business environment

August 22, 2023


Abstract : Chinese Premier Li Qiang has signed a State Council decree unveiling a set of revised administrative regulations to further cancel and adjust unreasonable fines, promote transformation of government functions, and improve the law-based business environment.

BEIJING, Aug. 21 (Xinhua) -- Chinese Premier Li Qiang has signed a State Council decree unveiling a set of revised administrative regulations to further cancel and adjust unreasonable fines, promote transformation of government functions, and improve the law-based business environment.

In accordance with the arrangements of the State Council, China's Ministry of Justice, in collaboration with other departments, sorted out relevant regulations to promote strict, standardized and fair law enforcement and comply with related revised laws, and decided to amend 14 administrative regulations and abolish one regulation.

Administrative regulations on road transport and international maritime shipping were revised, and fines for certain violations conducted by road transport operators have been canceled or reduced to lower costs for companies and individuals and stimulate market players' vitality.

The revision canceled certain review and approval procedures for the establishment of marine observatory stations, according to the decree.

The regulation on invoice administration was modified to promote the use of electronic invoices to further improve the efficiency of administrative management.

A set of trial measures for supervision over product quality, which had been replaced by relevant laws and rules, were abolished, according to the document.

The decree will take effect as of the date of promulgation.

Scan the QR code and push it to your mobile phone

Keyword: China business environment regulations

Reading:

Baltic Exchange releases weekly shipping market report

China's benchmark lending rate drops on Monday

Economic Watch: China's lending rate drops amid strengthened policies to boost economy

Balance of loans in Shanghai up 7.6 pct at end of July

China's installed renewable energy capacity up in January-July

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial